Equities analysts predict that Esports Entertainment Group, Inc. (NASDAQ:GMBL – Get Rating) will announce sales of $18.07 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Esports Entertainment Group’s earnings. The highest sales estimate is $19.30 million and the lowest is $17.20 million. Esports Entertainment Group reported sales of $5.40 million during the same quarter last year, which indicates a positive year-over-year growth rate of 234.6%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Esports Entertainment Group will report full-year sales of $70.41 million for the current year, with estimates ranging from $69.00 million to $72.20 million. For the next year, analysts expect that the business will report sales of $94.87 million, with estimates ranging from $90.01 million to $100.50 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Esports Entertainment Group.
A number of equities analysts have recently commented on GMBL shares. Roth Capital lowered shares of Esports Entertainment Group from a “buy” rating to a “neutral” rating in a research report on Thursday, February 24th. Benchmark dropped their target price on shares of Esports Entertainment Group from $20.00 to $4.00 and set a “speculative buy” rating on the stock in a research report on Wednesday, February 23rd. HC Wainwright dropped their target price on shares of Esports Entertainment Group from $14.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, February 23rd. Finally, Zacks Investment Research raised shares of Esports Entertainment Group from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a research report on Tuesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Esports Entertainment Group has a consensus rating of “Buy” and an average target price of $8.95.
NASDAQ:GMBL opened at $0.59 on Friday. Esports Entertainment Group has a 12 month low of $0.54 and a 12 month high of $13.74. The firm has a market cap of $15.15 million, a price-to-earnings ratio of -0.24 and a beta of 0.93. The company’s 50 day moving average is $0.85 and its 200-day moving average is $3.24.
Esports Entertainment Group Company Profile (Get Rating)
Esports Entertainment Group, Inc operates as an iGaming and entertainment company in the United States and internationally. The company operates Vie.bet, an esports focused platform; Sportnation.bet, an online sportsbook and casino; iDefix, a casino-platform; Bethard, an online sportsbook and casino; Vie.gg, an online esports wagering website; and ggCircuit, a local area network center management software for managing mission critical functions, such as game licensing and payments.
- Get a free copy of the StockNews.com research report on Esports Entertainment Group (GMBL)
- Iridium Communications Stock is Ready to Return to Orbit
- O’Reilly Automotive Hits A Pothole
- There’s An Institutional Floor In Keurig Dr. Pepper
- Ford Falls Despite Optimistic Outlook
- Harley-Davidson Skids Into A Buying Opportunity
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Esports Entertainment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esports Entertainment Group and related companies with MarketBeat.com's FREE daily email newsletter.