Endeavor Group (EDR) Stock: Why The Price Jumped Up Over 12%

By Amit Chowdhry ● May 13, 2022
  • The stock price of Endeavor Group Holdings Inc. (NYSE: EDR) jumped up over 12% pre-market today. This is why.

The stock price of Endeavor Group Holdings Inc. (NYSE: EDR) jumped up over 12% pre-market today. Investors responded positively to the company’s first-quarter results.

Endeavor Group reported a Q1 EPS of $1.16, which was $0.76 higher than analyst estimates of $0.40. And the revenue for the quarter was $1.47 billion compared to the consensus estimate of $1.33 billion. 

Going forward, Endeavor Group expects FY2022 revenue of between $5.235 billion and $5.475 billion, compared to the consensus of $5.3 billion. The adjusted EBITDA is expected to be between $1.1 billion and $1.15 billion.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.