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———
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Q4 2015———
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Q4 2013———
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Q4 2009———
Q4 2012———
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Q4 2011———
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Q1 2012———
Q3 2011———
Q3 2010———
Q2 2011———
Q2 2010———
Q1 2010———

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