NYSE$SEG
Seaport Entertainment Group In · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Seaport Entertainment Group reported a net loss and a slight decrease in revenues compared to the prior year quarter.
Seaport Entertainment Group reported its Q3 2024 results, highlighting its separation from Howard Hughes Holdings and its new status as an independent publicly traded company. The company reported a net loss of $32.5 million, or $5.89 per share, and revenues of $39.7 million, slightly lower than the prior year's $40.5 million.
- Completed separation from Howard Hughes Holdings to become an independent company.
- Reported a net loss of $32.5 million, or $5.89 per share.
- Total revenues amounted to $39.7 million.
- Completed rights offering, generating net proceeds of approximately $166.7 million.
Headline financials
Revenue & EPS history
Seaport Entertainment Group In · Revenue · Quarterly
$39.7M
Forward guidance
The company is building momentum by forging strategic partnerships and prioritizing a customer-centric approach to reimagining the customer experience across many of our assets.
Tailwinds
- Focus on long-term value creation.
- Implement innovative strategies across portfolio.
- Enhance operational efficiencies.
- Strengthen cash flow.
- Prioritizing a customer-centric approach
Headwinds
- Risks related to macroeconomic conditions.
- Changes in discretionary consumer spending patterns.
- Risks associated with investments in real estate assets.
- Inability to control certain properties due to joint ownership.
- The significant influence Pershing Square has over the Company.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports · overlaid with Q3 2024
+0.5%
Avg return
Earnings day
-0.9%
Avg return
5 days after
-0.8%
Avg return
30 days after
75%
6 / 8 earnings
Positive
+2.0%
Q1 2026
Best reaction
-3.2%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.0% | -2.3% | +5.2% | |
| Q4 2025 | -1.9% | -7.1% | -5.8% | |
| Q3 2025 | -3.2% | -9.5% | -10.5% | |
| Q2 2025 | +2.0% | +12.2% | +4.0% | |
| Q1 2025 | +0.9% | -3.6% | +6.1% | |
| Q4 2024 | +0.2% | -6.5% | -18.2% | |
| Q3 2023 | +1.8% | +4.7% | +6.3% | |
| Q3 2024 | +1.8% | +4.7% | +6.3% | |
| Q2 2023 | — | — | — |
Discussion
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