
Overview
Entertainment and hospitality firm's Q4 revenue rose 30.4% yr/yr
Outlook
Seaport Entertainment plans to open Sadie's restaurant in spring 2026
Result Drivers
REVENUE GROWTH - Revenue increased 30.4% yr/yr, partly due to consolidation of Tin Building by Jean-Georges
ASSET SALE - Closed sale of 250 Water Street site for $143 mln, resulting in $76.1 mln net proceeds
Company press release: ID:nBw6wT4F2a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Adjusted Net Income | Miss | -$17.50 mln | -$10.44 mln (1 Analyst) |
Q4 Net Income |
| -$36.52 mln |
|
Q4 Operating Income |
| -$35.54 mln |
|
Q4 Pretax Profit |
| -$36.52 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the leisure & recreation peer group is "buy"
Wall Street's median 12-month price target for Seaport Entertainment Group Inc is $30.00, about 30.2% above its March 3 closing price of $23.05
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