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Drive Shack Inc Down 10.87% To $1.44 After Earnings Miss

Tuesday, August 09, 2022 03:13 PM | InvestorsObserver Analysts
Drive Shack Inc Down 10.87% To $1.44 After Earnings Miss

Drive Shack Inc (DS) said before open Tuesday that it lost $0.12 per share in quarter two 2022.

On the revenue line, the company reported $86.7 million, beating estimates by $4.1 million.

In the same quarter a year ago, the company lost $0.04 per share on revenue of $73.9 million.

The stock is down 10.87% to $1.44 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 34.

Drive Shack Inc is an owner and operator of golf-related leisure and entertainment businesses. The company conducts its business through three primary segments: Traditional Golf properties, Entertainment Golf venues and corporate. The Traditional Golf properties segment operates and owns golf properties. The Entertainment Golf venues segment plans to open a chain of gold, competition, dining, and fun. The Corporate segment consists primarily of investments in loans and securities. The majority of the firm's revenue gets derived from the Traditional Golf Properties segment.

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