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Ahead of TKO Group (TKO) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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Analysts on Wall Street project that TKO Group Holdings (TKO - Free Report) will announce quarterly earnings of $1.20 per share in its forthcoming report, representing an increase of 140% year over year. Revenues are projected to reach $1.37 billion, increasing 22.6% from the same quarter last year.
Over the last 30 days, there has been an upward revision of 22.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific TKO Group metrics that are commonly monitored and projected by Wall Street analysts.
The consensus among analysts is that 'Net Revenue- IMG' will reach $407.99 million. The estimate indicates a change of +21.2% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Net Revenue- WWE' of $392.59 million. The estimate indicates a year-over-year change of -2.4%.
The consensus estimate for 'Net revenues- Corporate & Other' stands at $66.84 million. The estimate indicates a year-over-year change of +5.6%.
It is projected by analysts that the 'Net Revenue- UFC' will reach $511.88 million. The estimate indicates a year-over-year change of +57.4%.
Analysts' assessment points toward 'Net Revenue- WWE- Media rights, production and content' reaching $241.23 million. The estimate indicates a year-over-year change of -3.1%.
According to the collective judgment of analysts, 'Net Revenue- WWE- Live events and hospitality' should come in at $65.10 million. The estimate indicates a change of -21.1% from the prior-year quarter.
Analysts expect 'Net Revenue- WWE- Partnerships and marketing' to come in at $49.22 million. The estimate suggests a change of +23.4% year over year.
Analysts predict that the 'Net Revenue- WWE- Consumer products licensing and other' will reach $37.24 million. The estimate suggests a change of +20.9% year over year.
Analysts forecast 'UFC - Fight Nights' to reach 9 . Compared to the current estimate, the company reported 8 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'UFC - Total events' should arrive at 12 . The estimate is in contrast to the year-ago figure of 10 .
The average prediction of analysts places 'UFC - Location of events - International' at 5 . The estimate compares to the year-ago value of 4 .
The combined assessment of analysts suggests that 'UFC - Location of events - United States' will likely reach 8 . Compared to the present estimate, the company reported 6 in the same quarter last year.
Shares of TKO Group have experienced a change of +4.6% in the past month compared to the -2.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), TKO is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of TKO Group (TKO) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Analysts on Wall Street project that TKO Group Holdings (TKO - Free Report) will announce quarterly earnings of $1.20 per share in its forthcoming report, representing an increase of 140% year over year. Revenues are projected to reach $1.37 billion, increasing 22.6% from the same quarter last year.
Over the last 30 days, there has been an upward revision of 22.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific TKO Group metrics that are commonly monitored and projected by Wall Street analysts.
The consensus among analysts is that 'Net Revenue- IMG' will reach $407.99 million. The estimate indicates a change of +21.2% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Net Revenue- WWE' of $392.59 million. The estimate indicates a year-over-year change of -2.4%.
The consensus estimate for 'Net revenues- Corporate & Other' stands at $66.84 million. The estimate indicates a year-over-year change of +5.6%.
It is projected by analysts that the 'Net Revenue- UFC' will reach $511.88 million. The estimate indicates a year-over-year change of +57.4%.
Analysts' assessment points toward 'Net Revenue- WWE- Media rights, production and content' reaching $241.23 million. The estimate indicates a year-over-year change of -3.1%.
According to the collective judgment of analysts, 'Net Revenue- WWE- Live events and hospitality' should come in at $65.10 million. The estimate indicates a change of -21.1% from the prior-year quarter.
Analysts expect 'Net Revenue- WWE- Partnerships and marketing' to come in at $49.22 million. The estimate suggests a change of +23.4% year over year.
Analysts predict that the 'Net Revenue- WWE- Consumer products licensing and other' will reach $37.24 million. The estimate suggests a change of +20.9% year over year.
Analysts forecast 'UFC - Fight Nights' to reach 9 . Compared to the current estimate, the company reported 8 in the same quarter of the previous year.
Based on the collective assessment of analysts, 'UFC - Total events' should arrive at 12 . The estimate is in contrast to the year-ago figure of 10 .
The average prediction of analysts places 'UFC - Location of events - International' at 5 . The estimate compares to the year-ago value of 4 .
The combined assessment of analysts suggests that 'UFC - Location of events - United States' will likely reach 8 . Compared to the present estimate, the company reported 6 in the same quarter last year.
View all Key Company Metrics for TKO Group here>>>Shares of TKO Group have experienced a change of +4.6% in the past month compared to the -2.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), TKO is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .