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Headlines
- Revenue significantly down from the previous year.
- Net loss narrowed, showing potential for improvement.
- Shares have declined recently, presenting potential risks.
Key Financial Results for FY 2024
The full-year 2024 results for Enthusiast Gaming Holdings (TSE:EGLX) reveal a revenue of CA$72.6 million, representing a 59% decrease from the previous financial year. Despite this, the net loss was reduced by 18% to CA$96.0 million, translating to a per-share loss of CA$0.61, which is an improvement from a CA$0.77 loss in FY 2023.
Analysis and Forecast
While the company's revenue fell short of analysts' expectations by 3.9%, and earnings per share (EPS) missed significantly, the outlook offers some positive notes. Revenue is anticipated to grow at an average rate of 6.6% annually over the next two years, albeit lower than the 10% average growth forecast for the Interactive Media and Services industry in North America.
Recent Stock Performance
The shares of Enthusiast Gaming Holdings have seen a 15% decline over the past week. This calls for attention to potential risk factors, which include two warning signs identified within the company.
Risk and Valuation Insights
Valuation remains a multifaceted task, but efforts are being made to simplify it. Discover whether Enthusiast Gaming Holdings is undervalued or overvalued through a detailed analysis, which highlights fair value estimates, associated risks, dividend prospects, insider trades, and overall financial condition.
Access in-depth analysis and discover more about these dynamics to understand the stock's positioning and potential value.
Feedback and Disclaimer
We welcome any feedback on this article or concerns regarding its content. Feel free to contact us directly via email at editorial-team (at) simplywallst.com. Please note, this article is for general informational purposes and does not provide personalized financial advice. It draws from historical data and analyst forecasts.
