NYSE$DSHK

Drive Shack Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Drive Shack reported third quarter results and provided business and financial liquidity update.

Drive Shack Inc. reported a decrease in total revenues for Q3 2020, with $66.465 million compared to $74.682 million in Q3 2019. The company experienced a loss applicable to common stockholders of $10.807 million, or $0.16 per share.

  • Total revenues were $66.465 million.
  • Loss applicable to common stockholders was $10.807 million, or $0.16 per share.
  • Traditional golf business generated total revenue of $60 million, including $15 million of managed course expense reimbursements.
  • Entertainment golf venues in West Palm Beach, Richmond and Raleigh generated total revenue of approximately $6 million.

Headline financials

Total Revenue

$66.5M

Previous: $74.7M-11.0%
EPS (adj)

-$0.16

Previous: -$0.20+20.0%
Cash on Hand

$44M

Previous: $12M+266.7%
Net Income

-$9.41M

Previous: -$12M+21.7%
Operating Income

-$6M

Previous: -$17.3M+65.4%
Gross Profit

$64.3M

Previous: $70.8M-9.2%
Cash & Equivalents

$13.3M

Previous: $24.8M-46.3%
Total Assets

$449M

Previous: $536M-16.1%
Stock-Based Comp

$437K

Previous: $177K+146.9%

Revenue & EPS history

Drive Shack · Revenue · Quarterly

$66.5M

Q3 2020-11%vs Q3 2019
Beat estimate in 4 of 5 quarters(80%)
ActualEstimate

Revenue by segment

Drive Shack · $58.8M total across 1 segment · Q3 2020

  • Golf Operations
    $58.8M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 9 quarterly earnings reports

Historical avg

-1.5%

Avg return

Earnings day

+4.5%

Avg return

5 days after

+3.1%

Avg return

30 days after

29%

9 / 31 earnings

Positive

+19.9%

Q3 2022

Best reaction

-19.0%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2025-19.0%-11.4%-36.3%
Q4 2024-5.9%+5.9%+41.2%
Q4 2023+0.0%+0.0%-30.8%
Q3 2023+0.0%-4.5%-4.5%
Q2 2023+0.0%-2.5%-33.1%
Q1 2023-2.4%-1.2%-25.8%
Q4 2022+0.0%+26.7%+206.4%
Q3 2022+19.9%+33.7%-40.7%
Q2 2022-12.4%-15.0%-35.0%
Q1 2022+10.2%+13.1%-10.2%
Q4 2021-8.5%
Q3 2021-9.9%
Q2 2021+3.8%
Q1 2021+6.6%
Q4 2020+19.2%
Q3 2020-2.1%
Q2 2020-5.6%
Q1 2020-7.5%
Q4 2019-13.4%
Q3 2019-3.6%
Q2 2019-1.9%
Q1 2019+1.6%
Q4 2018+6.4%
Q3 2018-11.4%
Q2 2018-12.3%
Q1 2018-2.7%
Q4 2017-1.6%
Q3 2017+4.1%
Q4 2016+4.1%
Q2 2017-3.5%
Q1 2017+0.0%
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2009
Q4 2012
Q3 2012
Q4 2011
Q2 2012
Q1 2011
Q1 2012
Q3 2011
Q3 2010
Q2 2011
Q2 2010
Q1 2010

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