XTRA:EVDEntertainment
CTS Eventim (XTRA:EVD) Stock Revenue Jumps While Margin Questions Persist
CTS Eventim KGaA walked into this earnings season with a rich P/E of 18.5x and a share price that has drifted only modestly higher over the past month. The stock now trades near €59, while a discounted cash flow estimate points far above that level, which means expectations were already complicated before the numbers hit.
The headline is clear for today. Revenue for Q2 reached about €899m with basic earnings per share at €0.59, and management backed this up by keeping full year guidance in...