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Emerald Expositions Events Inc (EEX)
NYSE:EEX
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Emerald Expositions Events
(NYSE:EEX)
Rating:59Neutral
Price Target:
$5.00
▲(2.88%Upside)
Positive Factors
Financial Performance
Emerald reported results with revenue and adjusted EBITDA both topping estimates, indicating strong financial performance.
Strategic Initiatives
Growth drivers include new organic events, M&A, and AI initiatives, contributing to positive stock momentum.
Negative Factors
Operational Impact
4Q24 results were impacted by timing and hurricanes in Florida, which may have negatively affected stock performance.
Profitability Challenges
Gross margin declined due to mix, impacting overall profitability and potentially affecting stock negatively.
Emerald Expositions Events (EEX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$988.33M
Dividend Yield1.21%
Average Volume (3M)75.03K
Price to Earnings (P/E)308.7
Beta (1Y)1.12
Revenue Growth4.87%
EPS GrowthN/A
CountryUS
Employees697
SectorCommunication Services
Sector Strength75
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)0.12
Shares Outstanding198,858,860
10 Day Avg. Volume51,785
30 Day Avg. Volume75,029
Financial Highlights & Ratios
PEG Ratio-2.16
Price to Book (P/B)2.60
Price to Sales (P/S)0.00
P/FCF Ratio21.58
Enterprise Value/Market Cap1.26
Enterprise Value/Revenue0.78
Enterprise Value/Gross Profit4.89
Enterprise Value/Ebitda3.39
Forecast
1Y Price Target
$7.90Price Target Upside62.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
Emerald Expositions Events Business Overview & Revenue Model
Company DescriptionEmerald Expositions Events (EEX) is a leading organizer of business-to-business trade shows, conferences, and consumer events across various industries in the United States. The company specializes in connecting industry professionals, brands, and consumers through its diverse portfolio of live and digital events, which span sectors such as retail, design, technology, and healthcare.
How the Company Makes MoneyEmerald Expositions Events generates revenue primarily through the organization and management of trade shows and events. The company's key revenue streams include exhibitor fees, where businesses pay for booth space to showcase their products or services at events; attendee registration fees, which are collected from industry professionals and consumers attending these events; and sponsorship fees, where companies pay for enhanced visibility and branding opportunities during events. Additionally, Emerald Expositions may earn income through partnerships, digital and print advertising, and the sale of event-related services such as event management and coordination. These diverse revenue streams are supported by the company's ability to deliver high-quality, targeted events that attract a significant number of exhibitors and attendees.
Emerald Expositions Events Earnings Call Summary
Earnings Call Date:May 01, 2025
(Q1-2025)
| % Change Since: 23.98%|
Next Earnings Date:Aug 04, 2025
Earnings Call Sentiment Positive
Emerald Holding's earnings call reflected a strong start to fiscal year 2025 with significant revenue and EBITDA growth, supported by strategic acquisitions and portfolio optimization. Despite challenges in international markets, the company's strong cash position and proactive measures to mitigate external pressures underline a positive outlook.Q1-2025 Updates
Positive Updates
Strong Revenue and EBITDA Growth
Total revenue for Q1 2025 was $147.7 million, up from $133.4 million in the prior year, representing a 10.7% increase. Adjusted EBITDA grew by 34.7% to $53.6 million compared to $39.8 million in the prior year.
Successful Portfolio Optimization
The company's refined portfolio spans high-growth sectors, reducing reliance on slower growth verticals. Notable events like Kbiz, Prosper Show, and International Pizza Expo contributed to performance.
Acquisition and Strategic M&A
Emerald received regulatory approval for the acquisition of This Is Beyond and completed the acquisition of InsureTech Insights, enhancing its portfolio with high-end experiential events and expanding into high-growth sectors.
Strong Cash Position and Shareholder Returns
The company reported $276.8 million in cash as of March 31, 2025. It repurchased 2.8 million shares and reauthorized an additional $25 million share buyback, reflecting confidence in long-term value.
Negative Updates
Challenges in International Markets
Pressure on sales from China and Canada was noted, with expected declines in international exhibitor revenues. However, some offset was seen from markets like Turkey and Brazil.
External Economic Pressures
The company is navigating challenges from shifting consumer sentiment and global economic pressures, remaining vigilant in monitoring these external factors.
Company Guidance
During the Emerald Holding First Quarter 2025 Earnings Conference Call, CEO Herve Sedky and CFO David Doft provided detailed guidance on the company's expected performance for the year. They reaffirmed their full-year 2025 guidance, projecting revenue between $450 million to $460 million and adjusted EBITDA in the range of $120 million to $125 million. The first quarter already showed strong results, with total revenue of $147.7 million, which included a 5.6% increase in organic revenue year-over-year. Adjusted EBITDA, excluding insurance proceeds, rose by 34.7% to $53.6 million, resulting in an EBITDA margin of approximately 36.3%. The company highlighted its strategic acquisitions, including InsureTech Insights and This Is Beyond, which are expected to contribute to future growth. The management also discussed their proactive approach to managing international trade challenges, noting that about 10% of their total revenue comes from international exhibitors, with China and Canada each contributing around 2%. Additionally, they emphasized the company's strong liquidity position, with $276.8 million in cash as of March 31, 2025, and highlighted the successful refinancing of existing debt, which has extended their debt maturities. The company remains focused on cost management, operational efficiencies, and strategic M&A to drive long-term shareholder value.Emerald Expositions Events Financial Statement Overview
Summary
Emerald Expositions Events demonstrates a recovery in financial performance with improved profitability and cash flow stability. The company's balance sheet shows a healthier leverage position, although historical instability poses potential risks. Overall, the financials suggest a cautious yet optimistic outlook.Income Statement
Emerald Expositions Events shows a positive trajectory in revenue growth, with a TTM revenue growth of 3.60%. The Gross Profit Margin is stable at 61.64%, and there's a significant improvement in Net Profit Margin, which turned positive to 1.57% in TTM from negative in prior years. EBIT and EBITDA Margins show recovery, indicating operational efficiency improvements. However, the past negative Net Income suggests historical challenges in profitability.65
Positive
Balance Sheet
The debt-to-equity ratio has improved significantly from negative to a more stable position due to increased stockholder equity, now at 0.01, reflecting low leverage risk. The Equity Ratio stands at 33.14%, indicating a recovery phase. However, the company had negative equity in past years, highlighting potential financial instability risks.58
Neutral
Cash Flow
The Free Cash Flow has remained stable with a slight growth of 0.21% in TTM, and the Operating Cash Flow to Net Income ratio is favorable at 8.02, showcasing strong cash generation relative to net income. A consistent Free Cash Flow to Net Income ratio in TTM indicates operational cash flow effectiveness.70
Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 398.80M | 382.80M | 325.90M | 145.50M | 127.40M |
| Gross Profit | 251.30M | 245.20M | 209.40M | 90.00M | 69.80M |
| EBITDA | 70.90M | 85.40M | 242.00M | -14.20M | -622.00M |
| Net Income | -10.50M | -8.20M | 130.80M | -78.10M | -633.60M |
Balance Sheet | |||||
| Total Assets | 1.05B | 1.05B | 1.10B | 1.06B | 1.05B |
| Cash, Cash Equivalents and Short-Term Investments | 194.80M | 204.20M | 239.10M | 231.20M | 295.30M |
| Total Debt | 412.20M | 415.80M | 429.20M | 534.60M | 538.70M |
| Total Liabilities | 662.80M | 649.30M | 1.13B | 1.18B | 660.00M |
| Stockholders Equity | 385.90M | 404.60M | -33.10M | -119.40M | 394.40M |
Cash Flow | |||||
| Free Cash Flow | 46.80M | 28.80M | 164.80M | 83.40M | -41.10M |
| Operating Cash Flow | 46.80M | 40.30M | 175.10M | 90.00M | -37.10M |
| Investing Cash Flow | -25.00M | -21.00M | -47.90M | -131.90M | -37.30M |
| Financing Cash Flow | -31.20M | -54.20M | -119.30M | -22.20M | 360.10M |
Emerald Expositions Events Technical Analysis
Negative
4.86
Price Trends
4.90
Negative
4.46
Positive
4.49
Positive
Market Momentum
0.01
Positive
43.57
Neutral
22.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EEX, the sentiment is Negative. The current price of 4.86 is below the 20-day moving average (MA) of 5.08, below the 50-day MA of 4.90, and above the 200-day MA of 4.49, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 43.57 is Neutral, neither overbought nor oversold. The STOCH value of 22.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EEX.
Emerald Expositions Events Risk Analysis
Emerald Expositions Events disclosed 40 risk factors in its most recent earnings report. Emerald Expositions Events reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Emerald Expositions Events Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $656.07M | 15.14 | 8.57% | ― | 1.63% | ― | |
71 Outperform | $720.31M | 12.92 | 9.10% | 7.38% | -2.69% | 61.73% | |
65 Neutral | $934.58M | ― | -0.29% | ― | 88.81% | 99.16% | |
61 Neutral | $42.21B | -3.57 | -11.12% | 4.05% | 2.99% | -33.83% | |
59 Neutral | $988.33M | 308.70 | 1.62% | 1.21% | 4.87% | ― | |
48 Neutral | $453.60M | ― | -4.73% | 1.25% | 42.01% | -100.56% | |
48 Neutral | $506.65M | ― | 4.92% | ― | -17.54% | 66.05% |
* Communication Services Sector Average
Performance Comparison
EEX
Emerald Expositions Events
4.86
-0.36
-6.90%
CCO
Clear Channel Outdoor
1.02
-0.43
-29.66%
DLX
Deluxe
15.59
-3.80
-19.60%
NCMI
National Cinemedia
4.67
-0.93
-16.61%
QNST
Quinstreet
16.25
-2.47
-13.19%
NEXN
Nexxen International
10.02
3.27
48.44%
Emerald Expositions Events Corporate Events
Shareholder Meetings
Emerald Expositions Holds Annual Stockholders Meeting
Neutral
May 23, 2025
On May 21, 2025, Emerald Holding, Inc. conducted its Annual Meeting of Stockholders, where a quorum was present. During the meeting, stockholders approved the re-election of three Class II directors and ratified the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. These decisions are expected to maintain continuity in leadership and ensure reliable financial oversight for the company.
The most recent analyst rating on (EEX) stock is a Buy with a $7.80 price target. To see the full list of analyst forecasts on Emerald Expositions Events stock, see the EEX Stock Forecast page.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.