Super Group (NYSE:SGHC – Get Rating) issued its quarterly earnings data on Wednesday. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.42), MarketWatch Earnings reports. The firm had revenue of $334.50 million during the quarter, compared to analysts’ expectations of $336.69 million. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year.
Super Group stock traded down $1.42 during mid-day trading on Wednesday, reaching $6.70. 20,574 shares of the stock traded hands, compared to its average volume of 319,186. Super Group has a 12-month low of $6.82 and a 12-month high of $11.09. The firm’s 50-day simple moving average is $9.45.
A number of brokerages have recently weighed in on SGHC. Needham & Company LLC lifted their price objective on Super Group from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Monday, March 28th. Benchmark cut their price objective on Super Group from $16.00 to $14.00 in a research report on Thursday, April 14th. Zacks Investment Research lowered Super Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. Canaccord Genuity Group started coverage on Super Group in a research report on Friday, April 22nd. They set a “buy” rating and a $14.00 price target on the stock. Finally, Oppenheimer started coverage on Super Group in a research report on Monday, March 7th. They set an “outperform” rating and a $11.00 price target on the stock. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat, Super Group has a consensus rating of “Buy” and an average target price of $13.00.
About Super Group (Get Rating)
Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. The company is based in Saint Peter Port, Guernsey.
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