Emerald Holding Inc reports results for the quarter ended March 31 - Earnings Summary

• Emerald Holding Inc EEX.N reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of two analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from 6 cents to 7 cents per share.

• Revenue rose 10.7% to $147.70 million from a year ago; analysts expected $134.50 million.

• Emerald Holding Inc's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $15.3 million.

• Emerald Holding Inc shares had held steady so far this quarter and lost 18.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 27.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "buy"

• Wall Street's median 12-month price target for Emerald Holding Inc is $7.90

This summary was machine generated from LSEG data May 1 at 01:32 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)