Short interest for Endeavor Gr Hldgs gives investors a sense of the degree to which investors are betting on the decline of Endeavor Gr Hldgs's stock. Short interest data is updated every two weeks.

Endeavor Gr Hldgs Stock (NYSE:EDR), Short Interest Report

Endeavor Gr Hldgs

Endeavor Group Holdings Inc is an entertainment, sports, and content company. It offers services through its integrated capabilities of talent representation, content development, content distribution and sales, event management, marketing and licensing, and direct-to-consumer offerings. It operates its business in four segments: Owned Sports Properties; Events, Experiences & Rights; sports; and Representation. The company generates the majority of its revenue from the Events, Experiences & Rights segment which provides services to a diverse portfolio of live events annually, including live sports events, fashion, art fairs and music, culinary and lifestyle festivals, and major attractions. Geographically the company generates the majority revenue from the United States.

Endeavor Group Holdings

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Silver Lake&#39;s acquisition of Endeavor at a 55% premium to the unaffected share price of $17.72 per share at market close on October 25, 2023, sets a milestone in media, with TKO Group Holdings remaining publicly traded.

Silver Lake To Acquire Endeavor In Multi-Billion Deal: Offer Marks Milestone In Media Sector

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Endeavor Group Holdings, Inc. Class A Common Stock

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Citigroup analyst Jason Bazinet downgrades Endeavor Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) from Buy to Neutral and lowers the price target from $29 to $27.5.

Downgrades

Citigroup Downgrades Endeavor Gr Hldgs to Neutral, Lowers Price Target to $27.5

Sports entertainment company TKO Group Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKO#NYSE">TKO</a>) — owner of the UFC and WWE brands — is gaining exposure due to heightened <a href="https://www.benzinga.com/news/24/01/36736994/wwe-is-coming-to-netflix-whats-going-on-with-tko-group-holdings-stock">demand for sports rights.</a>
The TKO Analyst: Goldman Sachs analyst Stephen Laszczyk has a Buy rating and price target of $102 on TKO Group Holdings.
The Analyst Takeaways: Key media rights, sponsorships and revenue from live entertainment could provide a boost to TKO Group Holdings, according to Laszczyk.
Related Link:<a href="https://www.benzinga.com/general/entertainment/24/01/36748991/dwayne-johnson-pins-down-the-rock-trademark-after-wwe-netflix-deal-my-crazy-life-is-coming-"> Dwayne Johnson Pins Down &#8216;The Rock&#8217; Trademark After WWE-Netflix Deal: &#8216;My Crazy Life Is Coming Full Circle&#8217;</a>
The analyst met with TKO management in Philadelphia ahead of the two-day WrestleMania XL event, held on April 6 and April 7.
"We came away from the weekend with takeaways that we believe support many of the key elements of our Buy thesis, initially outlined in our March 2024 initiation report," Laszczyk said.
The analyst said WWE had several high-profile events around the WrestleMania event, which included several events and fan experiences.
Laszczyk highlighted that WrestleMania featured the first ever on-the-mat advertiser for WWE with a Prime Hydration partnership. The analyst also cited how the first night reported over 72,000 attendees for night one on Saturday.
Another key item for WWE going forward could be its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36762528/6-netflix-analysts-size-up-earnings-subscribers-wwe-deal-wwe-raw-changes-the-game">partnership with streaming giant </a>Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) for its flagship show, WWE Raw.
"Having one consistent scaled distributor for RAW globally opens up opportunities to efficiently maximize fan growth &amp; engagement,&#8221; Laszczyk said.
The partnership with Netflix could be a game changer thanks to new advertising and sponsorship opportunities, he added, citing cross-selling traditional telecast and inventory with in-arena and ring advertising. 
&#8220;It will offer potential ways to collaborate to monetize the super fan through merchandising and selling premium experiences,&#8221; Laszcczyk said.
TKO's management team also sees the partnership with Netflix adding credibility to the WWE, similar to Disney helping bring credibility to the UFC through a media deal with ESPN.
The WWE is also heading into a media rights negotiation window for premium live events (i.e. WrestleMania, Royal Rumble and SummerSlam) that may also interest potential partners.
Similarly, the UFC is considered a strong contender for a global media rights deal given its global fan base.
The company was spun off from Endeavor Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) in September.
TKO Price Action: TKO Group Holdings shares are up 2% to $93.98 on Monday versus a 52-week trading range of $72.34 to $102.25.
Read Next: <a href="https://www.benzinga.com/news/24/03/37857335/conor-mcgregor-returns-to-ufc-lawsuits-settled-why-tko-stock-is-punching-higher">Conor McGregor Returns To UFC &amp; Lawsuits Settled: Why TKO Stock Is Punching Higher</a>
WWE illustration created using Shutterstock images

WWE Could Be A Netflix Game Changer, Capitalizing On 'Opportunities To Maximize Fan Growth And Engagement'

JP Morgan analyst David Karnovsky downgrades Endeavor Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) from Overweight to Neutral and lowers the price target from $30 to $27.5.

JP Morgan Downgrades Endeavor Gr Hldgs to Neutral, Lowers Price Target to $27.5

Jefferies analyst Randal Konik downgrades Endeavor Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) from Buy to Hold and lowers the price target from $29 to $27.5.

Jefferies Downgrades Endeavor Gr Hldgs to Hold, Lowers Price Target to $27.5

Evercore ISI Group analyst Vijay Jayant downgrades Endeavor Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) from Outperform to In-Line and lowers the price target from $28 to $27.5.

Evercore ISI Group Downgrades Endeavor Gr Hldgs to In-Line, Lowers Price Target to $27.5

UBS analyst John Hodulik downgrades Endeavor Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) from Buy to Neutral and lowers the price target from $31 to $27.5.

UBS Downgrades Endeavor Gr Hldgs to Neutral, Lowers Price Target to $27.5

On Tuesday,&nbsp;Endeavor Group Holdings, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) entered into an agreement to be acquired by private equity company&nbsp;Silver Lake&nbsp;alongside&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38052532/silver-lake-to-take-endeavor-private" rel="noreferrer noopener">Endeavor management and other anchor investors</a>.
With branches across North America, Europe and Asia, Silver Lake&#8217;s portfolio companies collectively generate nearly $258 billion of revenue annually
Endeavor shareholders are set to receive $27.50 per share in cash, marking a 55% premium to the unaffected share price of $17.72 per share on October 25, 2023, and a 39% premium to Endeavor&#8217;s unaffected 30-day VWAP.
October 25, 2023, is the last full trading day before Endeavor announces its review of strategic alternatives.
Endeavor&#8217;s acquisition entails an equity value of $13 billion, offering shareholders a &#8216;significant premium,&#8217; per a press release.
As part of the agreement,&nbsp;TKO Group Holdings, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKO#NYSE">TKO</a>), of which Endeavor is the majority owner, will remain a publicly traded company that will continue to benefit from its connectivity to Endeavor&#8217;s expertise.
&#8220;Together, we have built and grown Endeavor from $350 million in annual revenue when we first invested in 2012 to nearly $6 billion in consolidated revenue today,&#8221; Egon Durban, Co-CEO and Managing Partner of Silver Lake and Chairman of the Board of Endeavor, said.&nbsp;
Silver Lake anticipates that consolidating TKO&#8217;s value into Endeavor will result in a combined enterprise value of $25 billion, marking the largest private equity sponsor public-to-private investment in over a decade and the largest ever in the media and entertainment sector.
On the unaffected date, the equity value stood at $8.2 billion. Silver Lake&#8217;s premium amounts to an additional $4.6 billion in equity value for all Endeavor stockholders.
The premium offered to Endeavor stockholders surpasses the median premium, typically in the low-to-mid-30% range, observed in private equity sponsor take-privates exceeding $10 billion in enterprise value across the technology, media, entertainment, and telecommunications sector over the past five years.
Ariel Emanuel, CEO of Endeavor, said: &#8220;We believe this transaction will maximize value for all of Endeavor&#8217;s public stockholders and are excited to continue to unlock and invest in the growth opportunities ahead as a private company.&#8221;
The transaction is slated to conclude by the end of the first quarter of 2025. After finalization, Endeavor&#8217;s common stock will cease to be listed on any public market.
Price Action:&nbsp;EDR shares are trading higher by 0.26% to $25.93 premarket on the last check Wednesday.

Guggenheim analyst Curry Baker downgrades Endeavor Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) from Buy to Neutral and lowers the price target from $36 to $27.5.

Guggenheim Downgrades Endeavor Gr Hldgs to Neutral, Lowers Price Target to $27.5

Seaport Global analyst David Joyce downgrades Endeavor Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) from Buy to Neutral.

Seaport Global Downgrades Endeavor Gr Hldgs to Neutral

WIIM

Endeavor Group Holdings shares are trading higher after the company entered into a definitive agreement to be acquired by Silver Lake.

Endeavor Group Shares Resume Trade

Endeavor Stockholders to Receive $27.50 Per Share in Cash, a 55% Premium Value to Unaffected Share Price
Special Committee of Endeavor's Independent Directors Unanimously Recommended Approval of Transaction
Transaction at $13 Billion Equity Value and $25 Billion Consolidated Enterprise Value is Largest Private Equity Sponsor Take-Private in 10 Years and Largest Ever in Media &amp; Entertainment Sector
Endeavor Group Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) ("Endeavor" or the "Company"), a global sports and entertainment company, today announced that it has entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, in partnership with the Endeavor management team and additional anchor investors.
Under the terms of the agreement, Silver Lake will acquire 100% of the outstanding shares it does not already own, other than rolled interests. Endeavor stockholders will receive $27.50 per share in cash, representing a 55% premium to the unaffected share price of $17.72 per share at market close on October 25, 2023, the last full trading day prior to Endeavor's announcement of its review of strategic alternatives, and a 39% premium to Endeavor's unaffected 30‐day VWAP.
With the significant premium being delivered to stockholders, Endeavor is being acquired at an equity value of $13 billion. Silver Lake believes that when consolidating all of TKO's value into Endeavor, the combined total enterprise value of $25 billion will make this the largest private equity sponsor public-to-private investment transaction in over a decade, and the largest ever in the media and entertainment sector. On the unaffected date, the equity value was $8.2 billion, and the premium to be paid by Silver Lake represents $4.6 billion more equity value to all Endeavor stockholders.
Ariel Emanuel, CEO of Endeavor, said: "Since 2012, Endeavor's strategic partnership with Silver Lake and Egon Durban have been central to our evolution into the global sports and entertainment leader we are today. We believe this transaction will maximize value for all of Endeavor's public stockholders and are excited to continue to unlock and invest in the growth opportunities ahead as a private company."
Egon Durban, Co-CEO and Managing Partner of Silver Lake, and Chairman of the Board of Endeavor, said: "Our unwavering belief in Ari and Patrick, together with Mark and other talented leaders at Endeavor, has never been stronger. This is a very special partnership. Together, we have built and grown Endeavor from $350 million in annual revenue when we first invested in 2012 to nearly $6 billion in consolidated revenue today. Now, Endeavor can take advantage of its unique core platform to meet the dynamic forces driving growth in content, sports, and live events with bold vision. Consistent with our mission and underscored by this commitment being among the largest in Silver Lake's history, we are all in on working with the Endeavor team and our trusted anchor investors to create value by accelerating growth at scale."
Patrick Whitesell, Executive Chairman of Endeavor, said: "With Silver Lake's continued partnership and support, Endeavor is ideally positioned to capitalize on compelling trends in media and entertainment, where global content spending has reached more than $200 billion per year. In a business where the only constant is change, I know Endeavor will continue to lead the industry forward."
Mark Shapiro, President and Chief Operating Officer of Endeavor, said: "Endeavor's assets and capabilities across entertainment, sports, fashion, and music are unparalleled. This transaction further enhances our ability to deliver category-defining deals and iconic events and experiences for clients, partners, and fans around the world. Egon, Stephen, and the broader Silver Lake team have been and will continue to be phenomenal partners in Endeavor's journey, and we look forward to the road ahead."
Stephen Evans, Managing Director of Silver Lake and a Director of Endeavor, said: "The team at Silver Lake is proud of our longstanding partnership with Endeavor, marked by more than $3.5 billion of direct investment across six distinct transactions over 12 years. We are excited about what we can achieve together in this next phase, spearheaded by Endeavor's visionary expertise across talent representation and content and ownership of truly special, marquee assets in sports."
The transaction builds on multiple investments Silver Lake has made in Endeavor starting with Silver Lake's initial investment in William Morris Endeavor in 2012 and continuing through Endeavor's subsequent acquisition of IMG in 2014 and initial public offering in 2021. Silver Lake also supported Endeavor's acquisition of UFC in 2016 and the merger of UFC and WWE, creating premium sports and entertainment company TKO Group Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKO#NYSE">TKO</a>) ("TKO") in 2023.
TKO is not party to this transaction and will remain a publicly traded company that will continue to benefit from its connectivity to Endeavor's expertise, relationships, and significant capabilities.
TRANSACTION DETAILS
The premium value delivered by the transaction to Endeavor stockholders is substantially higher than the median premium in the low-to-mid-30% range paid in private equity sponsor take-privates larger than $10 billion in enterprise value over the last five years in the technology, media, entertainment, and telecommunications sector.
The consummation of the transaction is not subject to any financing condition. The transaction will be financed through a combination of new and reinvested equity from Silver Lake and additional capital anchored by Mubadala Investment Company, DFO Management, LLC, Lexington Partners, and funds managed by Goldman Sachs Asset Management; equity rolled over by members of the Endeavor management team including Emanuel, Whitesell, and Shapiro; and new debt financing fully committed by Goldman Sachs, USA, JP Morgan, N.A., Morgan Stanley Senior Funding, Inc., Bank of America, N.A., Barclays PLC, Deutsche Bank AG New York, and Royal Bank of Canada.
Consistent with Endeavor's announcement on October 25, 2023 of the initiation of a formal review to evaluate strategic alternatives, and Silver Lake's public response that it was working toward a proposal to take Endeavor private, Endeavor proceeded to form a Special Committee of independent directors to review and consider any proposal that might materialize in connection with the strategic review.
The Special Committee reviewed, negotiated, unanimously approved, and recommended approval by Endeavor's Executive Committee of the proposed transaction. Following formal approval by Endeavor's Executive Committee, the definitive agreement was signed, and the transaction was approved by the written consent of stockholders representing a majority of the outstanding voting interests of the Company.
The transaction is subject to the satisfaction of customary closing conditions and required regulatory approvals. No other stockholder approval is required. The transaction is expected to close by the end of the first quarter of 2025. Upon completion of the transaction, Endeavor's common stock will no longer be listed on any public market.
Further information regarding terms and conditions contained in the definitive transaction agreements will be made available in Endeavor's Current Report on Form 8-K, which will be filed in connection with this transaction.

Silver Lake To Take Endeavor Private; Endeavor Stockholders To Receive $27.50 Per Share In Cash; Transaction At $13B Equity Value And $25B Consolidated Enterprise Value

<a href="https://twitter.com/davidfaber/status/1775197932532216078">David Faber on X: "The news on $EDR is a deal by Silverlake to acquire the company not an offer. But waiting on the release." / X (twitter.com)</a>
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Rumors

CNBC's David Faber Posts On X "The news on $EDR is a deal by Silverlake to acquire the company not an offer. But waiting on the release."

Endeavor Group Shares Halted, News Pending

TD Cowen analyst Lance Vitanza maintains Endeavor Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) with a Outperform and raises the price target from $28 to $30.

TD Cowen Maintains Outperform on Endeavor Gr Hldgs, Raises Price Target to $30

<h3>Companies Reporting Before The Bell</h3>
&bull; Ballard Power Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLDP#NASDAQ">BLDP</a>) is estimated to report quarterly loss at $0.13 per share on revenue of $34.20 million.
&bull; Endeavor Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) is likely to report quarterly earnings at $0.02 per share on revenue of $49.47 million.
&bull; SilverCrest Metals (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SILV#AMEX">SILV</a>) is likely to report quarterly earnings at $0.10 per share on revenue of $44.09 million.
&bull; Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>) is likely to report quarterly earnings at $0.10 per share on revenue of $44.09 million.
&bull; Legend Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEGN#NASDAQ">LEGN</a>) is projected to report quarterly loss at $0.83 per share on revenue of $86.52 million.
&bull; Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) is projected to report earnings for its fourth quarter.
&bull; Overseas Shipholding Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSG#NYSE">OSG</a>) is expected to report earnings for its fourth quarter.
&bull; Eltek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELTK#NASDAQ">ELTK</a>) is projected to report quarterly earnings at $0.31 per share on revenue of $12.20 million.
&bull; Endeavour Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXK#NYSE">EXK</a>) is estimated to report quarterly earnings at $0.02 per share on revenue of $49.47 million.
&bull; Fortrea Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTRE#NASDAQ">FTRE</a>) is projected to report quarterly earnings at $0.24 per share on revenue of $775.89 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Hesai Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) is likely to report quarterly loss at $0.11 per share on revenue of $81.11 million.
&bull; PLAYSTUDIOS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYPS#NASDAQ">MYPS</a>) is expected to report quarterly loss at $0.02 per share on revenue of $75.31 million.
&bull; Ocular Therapeutix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCUL#NASDAQ">OCUL</a>) is estimated to report quarterly loss at $0.30 per share on revenue of $15.71 million.
&bull; Asana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) is estimated to report quarterly loss at $0.10 per share on revenue of $167.68 million.
&bull; Calavo Growers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) is projected to report quarterly earnings at $0.17 per share on revenue of $252.67 million.
&bull; Mission Produce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVO#NASDAQ">AVO</a>) is likely to report quarterly loss at $0.06 per share on revenue of $210.75 million.
&bull; Casey&#39;s General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) is estimated to report quarterly earnings at $2.13 per share on revenue of $3.54 billion.
&bull; Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) is estimated to report quarterly earnings at $1.38 per share on revenue of $13.31 billion.
&bull; Cango (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CANG#NYSE">CANG</a>) is estimated to report earnings for its fourth quarter.
&bull; Beachbody Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BODI#NYSE">BODI</a>) is estimated to report quarterly loss at $3.12 per share on revenue of $108.75 million.
&bull; Ranpak Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PACK#NYSE">PACK</a>) is expected to report quarterly loss at $0.04 per share on revenue of $87.04 million.
&bull; Alto Ingredients (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTO#NASDAQ">ALTO</a>) is expected to report quarterly loss at $0.08 per share on revenue of $292.76 million.
&bull; CytomX Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTMX#NASDAQ">CTMX</a>) is expected to report quarterly loss at $0.03 per share on revenue of $21.04 million.
&bull; Yalla Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YALA#NYSE">YALA</a>) is expected to report earnings for its fourth quarter.
&bull; Assertio Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASRT#NASDAQ">ASRT</a>) is projected to report quarterly loss at $0.02 per share on revenue of $33.81 million.
&bull; Smart Sand (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SND#NASDAQ">SND</a>) is expected to report quarterly loss at $0.06 per share on revenue of $57.70 million.
&bull; Bowman Consulting Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWMN#NASDAQ">BWMN</a>) is likely to report quarterly loss at $0.07 per share on revenue of $90.66 million.
&bull; LifeMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFMD#NASDAQ">LFMD</a>) is projected to report quarterly loss at $0.14 per share on revenue of $40.49 million.
&bull; Invesco KBW NASDAQ Fintech UCITS ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEK#NASDAQ">FTEK</a>) is estimated to report quarterly loss at $0.03 per share on revenue of $6.90 million.
&bull; NN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNBR#NASDAQ">NNBR</a>) is expected to report quarterly loss at $0.08 per share on revenue of $113.15 million.
&bull; Alpha Teknova (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKNO#NASDAQ">TKNO</a>) is expected to report quarterly loss at $0.24 per share on revenue of $8.32 million.
&bull; Monroe Cap (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRCC#NASDAQ">MRCC</a>) is estimated to report quarterly earnings at $0.27 per share on revenue of $16.56 million.
&bull; Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) is estimated to report quarterly earnings at $5.98 per share on revenue of $1.15 billion.
&bull; NET Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NPWR#NYSE">NPWR</a>) is projected to report quarterly loss at $0.05 per share on revenue of $1.50 million.
&bull; Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) is expected to report quarterly earnings at $0.46 per share on revenue of $185.11 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Earnings

ALTO

ASAN

ASRT

BLDP

The Beachbody Company, Inc. Class A Common Stock

BODI

BWMN

CANG

CASY

CTMX

CVGW

ELTK

FTEK

FTRE

HRTG

HSAI

LEGN

LFMD

MRCC

MYPS

NNBR

NPWR

OCUL

ORCL

PACK

SILV

TKNO

YALA

Earnings Scheduled For March 11, 2024

Seaport Global analyst David Joyce maintains Endeavor Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) with a Buy and raises the price target from $28 to $29.

Seaport Global Maintains Buy on Endeavor Gr Hldgs, Raises Price Target to $29

Endeavor Gr Hldgs Q4 EPS $(0.03) Vs $(0.72) YoY, Sales $1.58B Beat $1.55B Estimate

Endeavor Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-28. Here's what investors need to know before the announcement.
Analysts estimate that Endeavor Gr Hldgs will report an earnings per share (EPS) of $0.16. 
Endeavor Gr Hldgs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.44, which was followed by a 0.53% increase in the share price the next day.
Here's a look at Endeavor Gr Hldgs's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.28</td>
<td>0.30</td>
<td>0.31</td>
<td>0.19</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.16</td>
<td>1.29</td>
<td>0.03</td>
<td>-0.72</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>6.0%</td>
<td>-3.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709046093_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Endeavor Gr Hldgs were trading at $23.32 as of February 26. Over the last 52-week period, shares are up 7.94%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/EDR/earnings">To track all earnings releases for Endeavor Gr Hldgs visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Endeavor Gr Hldgs's Earnings

Silver Lake Still Expected To Bid For Endeavor

Analyst Jason Bazinet of Citi maintained a Buy rating on Endeavor Group Holdings Inc (EDR – Research Report), with a price target of $29.00. Jason ...

Buy Rating Affirmed on Endeavor Group's Lucrative Acquisition by Silver Lake

Private equity giant Silver Lake is taking Endeavor Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDR#NYSE">EDR</a>), the controlling investor in franchises such as UFC (Ultimate Fighting Champio...

M&A News: Silver Lake Takes Endeavor Private in $13B Deal

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Endeavor takeover by Silver Lake may close as early as fall - report

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Endeavor Group (NYSE:<a href="https://investorplace.com/stock-quotes/edr-stock-quote/">EDR</a>) stock is in the news Wednesday after the sports and entertainment company <a href="https://finance.yahoo.com/news/silver-lake-endeavor-private-163000537.html">announced a deal to take it private</a>.



Endeavor Group has reached an agreement with technology investing firm Silver Lake&nbsp;to take the company private for $13 billion. This will see Silver Lake acquiring all outstanding shares of EDR stock that it doesn&rsquo;t already own.



Silver Lake is going to pay $27.50 per share in cash for EDR stock. This represents a 55% premium over the stock&rsquo;s unaffected price of $17.72 per share when markets closed on Oct. 25, 2023.



Endeavor Group CEO Ariel Emanuel said the following about the deal.




&ldquo;Since 2012, Endeavor&rsquo;s strategic partnership with Silver Lake and Egon Durban have been central to our evolution into the global sports and entertainment leader we are today. We believe this transaction will maximize value for all of Endeavor&rsquo;s public stockholders and are excited to continue to unlock and invest in the growth opportunities ahead as a private company.&rdquo;




Endeavor Group has been working with Silver Lake since 2014. That culminates in this deal, which is set to close by the end of Q1 2025.



<h2>EDR Stock Movement Today</h2>



Endeavor Group is experiencing heavy trading on Wednesday following the going private announcement. That has some 15 million shares traded as of this writing. This is well above its daily average trading volume of about 3.6 million units.



EDR stock is up 1.1% as of Wednesday morning.



There are more stock market stories worth reading about below!



We have all of the hottest stock market news ready to go on Wednesday! Among that is what&rsquo;s happening with shares of Costco&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/cost-stock-quote/">COST</a>), Intel&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/intc-stock-quote/">INTC</a>) and Vanda Pharmaceuticals&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/vnda-stock-quote/">VNDA</a>) stock. You can catch up on these stories at the following links!



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</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) layoffs are coming for hundreds of the e-commerce company&rsquo;s employees as it makes major cuts at its AWS division.



According to <a href="https://www.geekwire.com/2024/amazon-web-services-cuts-hundreds-of-jobs-in-sales-training-and-physical-stores-technology/">an internal email</a>, hundreds of jobs are being eliminated at AWS&rsquo; Sales, Marketing, and Global Services units. This comes as it shifts away from training operations to self-serve digital training or third-party options.



Amazon also notes that its Physical Stores Technology group will also see a few hundred job cuts. This comes as the company is moving away from its Just Walk Out model at its Amazon Fresh grocery stores.



A portion of the internal email from AWS senior vice president Matt Garman reads as follows, according to Seeking Alpha.




&ldquo;The changes we are making are preparing the organization for the future, aligning with out strategy and priorities, and reducing duplication and inefficiency. I recognize the effect this has on every individual impacted.&rdquo;




<h2>Amazon Continues Layoffs</h2>



Amazon has been making more efforts to reduce costs with layoffs over the last year. This also comes as it cuts down inflated headcounts after increased hiring during the pandemic.



It&rsquo;s unclear how many more layoffs Amazon will announce. What we do know is the company is unlikely to cut as many jobs as the 27,000 it slashed in 2023.



AMZN stock is up almost 1% as of Wednesday morning.



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Press Releases

SHAREHOLDER INVESTIGATION NOTICE: Kaskela Law LLC Announces Investigation of Endeavor Group Holdings, Inc. (EDR) and Encourages Investors to Contact the Firm

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Endeavor Group Holdings, Inc. (EDR) and Encourages Investors to Contact the Firm

Legal

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Acquisition of Endeavor Group Holdings, Inc. by Silver Lake

BUYOUT INVESTIGATION NOTICE: Kaskela Law LLC Announces Shareholder Investigation of Endeavor Group Holdings, Inc. (NYSE: EDR) and Encourages Investors to Contact the Firm

TKO to Announce First Quarter 2024 Results

SHAREHOLDER ALERT: Morris Kandinov Investigating LOTZ, EDR, DCGO and MRCY; Shareholders are Encouraged to Contact the Firm

ENDEAVOR ALERT: Bragar Eagel & Squire, P.C. Investigates Merger of EDR and Encourages Investors to Contact the Firm

Moore Law PLLC Investigating LOTZ, EDR, DCGO and MRCY; Shareholders are Encouraged to Contact the Firm

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Endeavor Gr Hldgs Stock (NYSE:EDR), Short Interest Report

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