In This Article:
ONE Group Hospitality (NASDAQ:STKS) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$194.0m (up 152% from 3Q 2023).
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Net loss: US$16.0m (loss widened by 417% from 3Q 2023).
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US$0.52 loss per share (further deteriorated from US$0.098 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ONE Group Hospitality Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 10%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are down 6.5% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with ONE Group Hospitality (including 1 which is a bit unpleasant).
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.