Emerald Expositions Events, Inc. (EEX) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of a loss of $0.23 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.
 
This quarterly report represents an earnings surprise of 226.09%. A quarter ago, it was expected that this company would post earnings of $0.50 per share when it actually produced earnings of $0.38, delivering a surprise of -24%.
 
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
 
Emerald Expositions Events, Inc.Which belongs to the Zacks Consumer Services - Miscellaneous industry, posted revenues of $7 million for the quarter ended June 2020, missing the Zacks Consensus Estimate by 69.70%. This compares to year-ago revenues of $103 million. The company has topped consensus revenue estimates just once over the last four quarters.
 
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
 
Emerald Expositions Events, Inc. Shares have lost about 74.2% since the beginning of the year versus the S&P 500's gain of 1.3%.
 
Ahead of this earnings release, the estimate revisions trend for Emerald Expositions Events, Inc. Was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
 
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.07 on $52.92 million in revenues for the coming quarter and -$0.06 on $217.90 million in revenues for the current fiscal year.