Sportradar Group (SRAD) Scheduled to Post Earnings on Wednesday

Sportradar Group (NASDAQ:SRAD) will announce its earnings results before the market opens on Wednesday, May 15th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Sportradar Group has set its FY 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Sportradar Group had a net margin of 4.27% and a return on equity of 4.54%. The business had revenue of $271.98 million during the quarter, compared to the consensus estimate of $267.36 million. On average, analysts expect Sportradar Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sportradar Group Stock Performance

Shares of NASDAQ SRAD opened at $9.35 on Wednesday. The stock has a market capitalization of $10.39 billion, a P/E ratio of 77.92 and a beta of 2.02. The firm’s 50-day moving average price is $10.37 and its two-hundred day moving average price is $10.31. Sportradar Group has a 52-week low of $8.08 and a 52-week high of $15.56. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.05.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Sportradar Group from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of Sportradar Group in a research note on Wednesday, March 20th. Morgan Stanley lifted their price objective on shares of Sportradar Group from $11.00 to $11.50 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 target price on shares of Sportradar Group in a research report on Thursday, March 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.67.

About Sportradar Group

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.