Genius Sports Limited (NYSE:GENI) Expected to Post Earnings of -$0.16 Per Share

Wall Street brokerages expect that Genius Sports Limited (NYSE:GENIGet Rating) will post earnings of ($0.16) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Genius Sports’ earnings. The lowest EPS estimate is ($0.18) and the highest is ($0.14). Genius Sports reported earnings per share of ($1.68) in the same quarter last year, which would suggest a positive year-over-year growth rate of 90.5%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Genius Sports will report full-year earnings of ($0.44) per share for the current fiscal year, with EPS estimates ranging from ($0.51) to ($0.36). For the next financial year, analysts anticipate that the company will report earnings of ($0.33) per share, with EPS estimates ranging from ($0.46) to ($0.20). Zacks’ EPS calculations are an average based on a survey of research firms that cover Genius Sports.

Genius Sports (NYSE:GENIGet Rating) last released its quarterly earnings data on Friday, March 11th. The company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.07). The company had revenue of $84.00 million during the quarter, compared to analyst estimates of $80.72 million. Genius Sports had a negative net margin of 225.61% and a negative return on equity of 52.87%. The company’s revenue was up 78.7% on a year-over-year basis.

GENI has been the topic of several analyst reports. B. Riley dropped their price target on shares of Genius Sports from $17.00 to $13.00 in a research note on Monday, March 14th. Credit Suisse Group dropped their price target on shares of Genius Sports from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, March 14th. Needham & Company LLC dropped their price target on shares of Genius Sports from $13.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, March 14th. Zacks Investment Research upgraded shares of Genius Sports from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research note on Tuesday. Finally, UBS Group dropped their price target on shares of Genius Sports from $9.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, March 17th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $15.65.

Genius Sports stock opened at $3.93 on Tuesday. The firm’s 50 day moving average price is $5.02 and its two-hundred day moving average price is $9.38. Genius Sports has a twelve month low of $3.81 and a twelve month high of $25.18.

Institutional investors have recently modified their holdings of the business. Sandy Cove Advisors LLC bought a new stake in Genius Sports in the 4th quarter valued at $35,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Genius Sports by 479.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 5,794 shares of the company’s stock valued at $44,000 after acquiring an additional 4,794 shares in the last quarter. Ulland Investment Advisors LLC bought a new stake in Genius Sports in the fourth quarter valued at about $46,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Genius Sports in the fourth quarter worth about $67,000. Finally, Fox Run Management L.L.C. bought a new position in Genius Sports during the fourth quarter worth about $79,000. 45.38% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Company Profile (Get Rating)

Genius Sports Limited develops and sells technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.

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Earnings History and Estimates for Genius Sports (NYSE:GENI)

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