Hall of Fame Resort & Entertainment Third Quarter 2023 Earnings: Misses Expectations

Hall of Fame Resort & Entertainment (NASDAQ:HOFV) Third Quarter 2023 Results

Key Financial Results

  • Revenue: US$8.74m (flat on 3Q 2022).
  • Net loss: US$16.2m (loss widened by 45% from 3Q 2022).
  • US$2.85 loss per share (further deteriorated from US$2.02 loss in 3Q 2022).
NasdaqCM:HOFV Earnings and Revenue Growth November 17th 2023

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

Hall of Fame Resort & Entertainment Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 30%.

Looking ahead, revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company’s shares are up 29% from a week ago.

Risk Analysis

What about risks? Every company has them, and we’ve spotted 3 warning signs for Hall of Fame Resort & Entertainment (of which 1 doesn’t sit too well with us!) you should know about.

What are the risks and opportunities for Hall of Fame Resort & Entertainment?

Hall of Fame Resort & Entertainment Company, a resort and entertainment company, doing business as the Pro Football Hall of Fame.

View Full Analysis


  • Earnings are forecast to grow 60.88% per year


  • Highly volatile share price over the past 3 months

  • Does not have a meaningful market cap ($22M)

  • Shareholders have been diluted in the past year

View all Risks and Rewards

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.

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