Zacks: Brokerages Anticipate Genius Sports Limited (NYSE:GENI) Will Announce Quarterly Sales of $78.05 Million

Analysts expect that Genius Sports Limited (NYSE:GENIGet Rating) will announce $78.05 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Genius Sports’ earnings. The highest sales estimate is $78.10 million and the lowest is $78.00 million. Genius Sports posted sales of $53.74 million in the same quarter last year, which suggests a positive year over year growth rate of 45.2%. The company is expected to issue its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Genius Sports will report full-year sales of $343.50 million for the current fiscal year, with estimates ranging from $341.00 million to $346.00 million. For the next fiscal year, analysts expect that the company will report sales of $437.30 million, with estimates ranging from $437.00 million to $437.60 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Genius Sports.

Genius Sports (NYSE:GENIGet Rating) last posted its quarterly earnings data on Friday, March 11th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.21). Genius Sports had a negative net margin of 225.61% and a negative return on equity of 52.87%. The business had revenue of $84.00 million for the quarter, compared to analysts’ expectations of $80.72 million. The business’s quarterly revenue was up 78.7% on a year-over-year basis.

A number of equities analysts have recently issued reports on the company. Needham & Company LLC dropped their price target on Genius Sports from $13.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, March 14th. UBS Group dropped their price target on Genius Sports from $9.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, March 17th. B. Riley decreased their price objective on Genius Sports from $17.00 to $13.00 in a research note on Monday, March 14th. Zacks Investment Research upgraded Genius Sports from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research note on Tuesday, April 12th. Finally, Credit Suisse Group decreased their price objective on Genius Sports from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, March 14th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $15.65.

GENI opened at $3.96 on Wednesday. Genius Sports has a 12-month low of $3.74 and a 12-month high of $25.18. The business’s fifty day simple moving average is $4.53 and its 200-day simple moving average is $8.07. The company has a market capitalization of $788.48 million, a price-to-earnings ratio of -0.60 and a beta of 1.70.

Several large investors have recently made changes to their positions in GENI. Teton Advisors Inc. grew its holdings in Genius Sports by 7.1% during the third quarter. Teton Advisors Inc. now owns 45,000 shares of the company’s stock worth $840,000 after acquiring an additional 3,000 shares during the period. Truist Financial Corp grew its holdings in Genius Sports by 11.9% during the third quarter. Truist Financial Corp now owns 28,724 shares of the company’s stock worth $536,000 after acquiring an additional 3,061 shares during the period. Advisor Group Holdings Inc. grew its holdings in Genius Sports by 30.7% during the third quarter. Advisor Group Holdings Inc. now owns 17,663 shares of the company’s stock worth $330,000 after acquiring an additional 4,145 shares during the period. Sandy Cove Advisors LLC acquired a new stake in Genius Sports during the fourth quarter worth about $35,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Genius Sports by 479.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 5,794 shares of the company’s stock worth $44,000 after acquiring an additional 4,794 shares during the period. Hedge funds and other institutional investors own 42.13% of the company’s stock.

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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