Endeavor (EDR) Q4 Earnings Report Preview: What To Look For

Global talent agency and entertainment company Endeavor (NYSE:EDR) will be reporting earnings tomorrow morning. Here's what to look for.

Last quarter Endeavor reported revenues of $1.34 billion, up 10.1% year on year, beating analyst revenue expectations by 6%. It was a decent quarter for the company, with an impressive beat of analysts' earnings and revenue estimates.

Is Endeavor buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Endeavor's revenue to grow 20.3% year on year to $1.52 billion, improving on the 16.3% year-over-year decline in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.28 per share.

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Endeavor's peers in the media segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Disney delivered top-line growth of 0.2% year on year, missing analyst estimates by 0.9% and Warner Bros. Discovery reported revenue decline of 6.6% year on year, missing analyst estimates by 1.3%. Disney traded up 7.7% on the results, Warner Bros. Discovery was flat on the results.

Read our full analysis of Disney's results here and Warner Bros. Discovery's results here.

Triggered by the Federal Reserve's hawkish stance on interest rates, shares of technology companies have been facing sell-off in 2022 and while some of the media stocks have fared somewhat better, they have not been spared, with share price declining 4.7% over the last month. Endeavor is down 7.3% during the same time, and is heading into the earnings with analyst price target of $30.7, compared to share price of $23.5.

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