TKO (US:TKO) ZACKS·2024-11-06 23:41Company Performance - TKO Group Holdings reported quarterly earnings of $0.53 per share, missing the Zacks Consensus Estimate of $0.56 per share, but showing an increase from $0.52 per share a year ago [1] - The earnings surprise for this quarter was -5.36%, and the company had a previous quarter surprise of -12.20% with earnings of $0.72 per share against an expectation of $0.82 [2] - The company posted revenues of $681.2 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.16%, and showing a significant increase from $449.1 million year-over-year [3] Stock Performance - TKO Group shares have increased approximately 45.7% since the beginning of the year, outperforming the S&P 500's gain of 21.2% [4] - The current consensus EPS estimate for the upcoming quarter is $0.30 on revenues of $606.78 million, and for the current fiscal year, it is $0.35 on revenues of $2.76 billion [8] Industry Outlook - The Film and Television Production and Distribution industry, to which TKO Group belongs, is currently ranked in the bottom 27% of over 250 Zacks industries, indicating potential challenges ahead [9] - The performance of TKO Group's stock may be influenced by the overall industry outlook, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [9]