Enthusiast Gaming Holdings First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Enthusiast Gaming Holdings (TSE:EGLX) First Quarter 2024 Results

Key Financial Results

• Revenue: CA$23.3m (down 46% from 1Q 2023).
• Net loss: CA$2.30m (loss narrowed by 74% from 1Q 2023).
• CA$0.015 loss per share (improved from CA$0.058 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Enthusiast Gaming Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 34%. Earnings per share (EPS) exceeded analyst estimates by 81%.

Looking ahead, revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Interactive Media and Services industry in North America are expected to grow by 10%.

Performance of the market in Canada.

The company's shares are down 10.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Enthusiast Gaming Holdings (1 can't be ignored!) that you should be aware of.

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