Rush Street Interactive (RSI) Set to Announce Earnings on Wednesday

Rush Street Interactive (NYSE:RSI) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Rush Street Interactive to post earnings of ($0.03) per share for the quarter. Rush Street Interactive has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Rush Street Interactive (NYSE:RSI) last posted its earnings results on Wednesday, March 6th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. Rush Street Interactive had a negative net margin of 2.65% and a negative return on equity of 28.95%. The business had revenue of $193.85 million for the quarter, compared to analyst estimates of $181.50 million. On average, analysts expect Rush Street Interactive to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rush Street Interactive Stock Performance

RSI opened at $6.07 on Wednesday. The firm’s 50-day simple moving average is $6.14 and its 200-day simple moving average is $5.00. Rush Street Interactive has a twelve month low of $2.85 and a twelve month high of $7.31. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -22.48 and a beta of 1.71.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a report on Friday, March 8th. Oppenheimer increased their price objective on shares of Rush Street Interactive from $7.00 to $9.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Susquehanna reissued a “neutral” rating and set a $6.00 price objective (up previously from $5.00) on shares of Rush Street Interactive in a report on Monday, March 4th. Craig Hallum raised shares of Rush Street Interactive from a “hold” rating to a “buy” rating and increased their price objective for the stock from $7.00 to $8.00 in a report on Friday, April 19th. Finally, Wells Fargo & Company increased their price objective on shares of Rush Street Interactive from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.50.

Insiders Place Their Bets

In other news, COO Mattias Stetz sold 5,001 shares of the firm’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $6.11, for a total value of $30,556.11. Following the transaction, the chief operating officer now owns 606,730 shares of the company’s stock, valued at approximately $3,707,120.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Richard Todd Schwartz sold 101,951 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $6.78, for a total value of $691,227.78. Following the transaction, the chief executive officer now owns 2,154,618 shares of the company’s stock, valued at approximately $14,608,310.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mattias Stetz sold 5,001 shares of the firm’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $6.11, for a total transaction of $30,556.11. Following the completion of the transaction, the chief operating officer now directly owns 606,730 shares in the company, valued at approximately $3,707,120.30. The disclosure for this sale can be found here. Insiders have sold a total of 331,552 shares of company stock valued at $2,094,498 in the last 90 days. 56.96% of the stock is currently owned by insiders.

Rush Street Interactive Company Profile

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.