$78.05 Million in Sales Expected for Genius Sports Limited (NYSE:GENI) This Quarter

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Analysts expect that Genius Sports Limited (NYSE:GENIGet Rating) will announce $78.05 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Genius Sports’ earnings, with estimates ranging from $78.00 million to $78.10 million. Genius Sports posted sales of $53.74 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 45.2%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Genius Sports will report full-year sales of $343.50 million for the current financial year, with estimates ranging from $341.00 million to $346.00 million. For the next financial year, analysts anticipate that the company will post sales of $437.30 million, with estimates ranging from $437.00 million to $437.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Genius Sports.

Genius Sports (NYSE:GENIGet Rating) last posted its quarterly earnings data on Friday, March 11th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.07). Genius Sports had a negative return on equity of 52.87% and a negative net margin of 225.61%. The business had revenue of $84.00 million for the quarter, compared to analyst estimates of $80.72 million. Genius Sports’s revenue was up 78.7% on a year-over-year basis.

Several equities analysts recently weighed in on GENI shares. Craig Hallum cut their price objective on Genius Sports from $22.00 to $17.00 in a research report on Monday, March 14th. B. Riley cut their price target on Genius Sports from $17.00 to $13.00 in a report on Monday, March 14th. UBS Group cut their price target on Genius Sports from $9.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, March 17th. Needham & Company LLC lowered their price objective on Genius Sports from $13.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, March 14th. Finally, Credit Suisse Group lowered their price objective on Genius Sports from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, March 14th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $15.65.

NYSE GENI opened at $3.98 on Thursday. Genius Sports has a twelve month low of $3.85 and a twelve month high of $25.18. The stock has a market capitalization of $792.47 million, a PE ratio of -0.61 and a beta of 1.82. The stock has a 50-day simple moving average of $5.06 and a 200 day simple moving average of $9.48.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC grew its position in Genius Sports by 22.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 709,842 shares of the company’s stock worth $5,395,000 after acquiring an additional 130,469 shares during the last quarter. Cookson Peirce & Co. Inc. bought a new stake in Genius Sports during the 3rd quarter worth approximately $1,441,000. LPL Financial LLC grew its position in Genius Sports by 12.3% during the 3rd quarter. LPL Financial LLC now owns 69,112 shares of the company’s stock worth $1,290,000 after acquiring an additional 7,579 shares during the last quarter. Renaissance Technologies LLC bought a new position in Genius Sports in the 3rd quarter valued at $2,543,000. Finally, AJ Wealth Strategies LLC bought a new position in Genius Sports in the 4th quarter valued at $570,000. Institutional investors and hedge funds own 45.38% 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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Earnings History and Estimates for Genius Sports (NYSE:GENI)



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