Hall of Fame Resort & Entertainment Full Year 2023 Earnings: EPS Misses Expectations

Gordon Pointe Acquisition Corp. -2.60%

Gordon Pointe Acquisition Corp.

HOFV

3.00

-2.60%

Hall of Fame Resort & Entertainment (NASDAQ:HOFV) Full Year 2023 Results

Key Financial Results

  • Revenue: US$24.1m (up 51% from FY 2022).
  • Net loss: US$69.7m (loss widened by 49% from FY 2022).
  • US$11.97 loss per share (further deteriorated from US$9.01 loss in FY 2022).
    earnings-and-revenue-growth
    NasdaqCM:HOFV Earnings and Revenue Growth March 30th 2024

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

    Hall of Fame Resort & Entertainment EPS Misses Expectations

    Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.2%.

    Looking ahead, revenue is forecast to grow 46% p.a. on average during the next 3 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 up 3.8% from a week ago.

    Risk Analysis

    It is worth noting though that we have found 3 warning signs for Hall of Fame Resort & Entertainment (1 is a bit unpleasant!) that you need to take into consideration.

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