* Vivid Seats Inc reported quarterly adjusted earnings of 4 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of twelve analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from -5 cents to 8 cents per share.
* Revenue fell 0.8% to $186.61 million from a year ago; analysts expected $184.16 million.
* Vivid Seats Inc's reported EPS for the quarter was 4 cents.
* The company reported quarterly net income of $5.3 million.
* Vivid Seats Inc shares had risen by 11.1% this quarter and lost 35.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 45.3% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the online services peer group is also "buy"
Wall Street's median 12-month price target for Vivid Seats Inc is $7.38 This summary was machine generated from LSEG data November 7 at 02:43 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.02 0.04 Beat
Jan. 1 0001 0.06 -0.01 Missed
Mar. 31 2024 0.06 0.04 Missed
Dec. 31 2023 0.05 0.09 Beat
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