Emerald Expositions Events, Inc. (EEX) Announces Quarterly Earnings Results, Hits Estimates
Emerald Expositions Events, Inc. (NYSE:EEX) released its quarterly earnings data on Thursday. The company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37, Bloomberg Earnings reports. The firm had revenue of $100.40 million for the quarter, compared to the consensus estimate of $107.24 million. During the same period in the previous year, the business earned $0.43 EPS. The firm’s revenue was down .1% compared to the same quarter last year.
Separately, Zacks Investment Research upgraded shares of Emerald Expositions Events from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.28.
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About Emerald Expositions Events
Emerald Expositions Events, Inc (Emerald), formerly Expo Event Holdco, Inc, is an operator of business-to-business (B2B) trade shows. The Company operates across multiple sectors, which includes: Gift, Home and General Merchandise; Sports; Design and Construction; Technology; Jewelry; Other Trade Shows; and Other Events.
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