Atlanta Braves Holdings (BATRK) Lags Q3 Earnings and Revenue Estimates

Core Viewpoint - Atlanta Braves Holdings reported quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.50 per share, and compared to a loss of $0.10 per share a year ago [1][2] Financial Performance - The company posted revenues of $290.67 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 3.46%, and compared to year-ago revenues of $271.82 million [3] - The earnings surprise for the quarter was -68%, and the company has surpassed consensus EPS estimates just once over the last four quarters [2][3] Stock Performance - Atlanta Braves Holdings shares have added about 3% since the beginning of the year, while the S&P 500 has gained 21.2% [4] - The current Zacks Rank for the stock is 4 (Sell), indicating expected underperformance in the near future [7] Earnings Outlook - The current consensus EPS estimate for the coming quarter is -$0.59 on $62.44 million in revenues, and -$0.44 on $683.45 million in revenues for the current fiscal year [8] - The estimate revisions trend for the company is currently unfavorable, which may impact future stock movements [6][7] Industry Context - The Diversified Operations industry, to which Atlanta Braves Holdings belongs, is currently in the top 24% of over 250 Zacks industries, indicating a favorable industry outlook [9]