$65.00 Million in Sales Expected for Genius Sports Limited (NYSE:GENI) This Quarter

Wall Street analysts forecast that Genius Sports Limited (NYSE:GENIGet Rating) will announce sales of $65.00 million for the current quarter, Zacks reports. Two analysts have provided estimates for Genius Sports’ earnings. Genius Sports posted sales of $55.85 million in the same quarter last year, which suggests a positive year-over-year growth rate of 16.4%. The company is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Genius Sports will report full-year sales of $342.25 million for the current financial year, with estimates ranging from $342.00 million to $342.50 million. For the next year, analysts forecast that the firm will post sales of $439.15 million, with estimates ranging from $437.00 million to $441.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Genius Sports.

Genius Sports (NYSE:GENIGet Rating) last announced its earnings results on Thursday, May 12th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.05). The company had revenue of $85.92 million during the quarter, compared to analysts’ expectations of $77.88 million. Genius Sports had a negative net margin of 212.81% and a negative return on equity of 40.24%. The company’s revenue for the quarter was up 59.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.68) earnings per share.

Several analysts have weighed in on GENI shares. Zacks Investment Research upgraded Genius Sports from a “sell” rating to a “hold” rating in a research report on Friday. Craig Hallum cut their price target on shares of Genius Sports from $22.00 to $17.00 in a report on Monday, March 14th. B. Riley dropped their target price on shares of Genius Sports from $13.00 to $9.00 in a report on Wednesday. UBS Group reduced their price target on Genius Sports from $9.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, March 17th. Finally, Needham & Company LLC cut their price objective 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. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Genius Sports has an average rating of “Buy” and a consensus price target of $15.13.

Institutional investors have recently added to or reduced their stakes in the stock. Sandy Cove Advisors LLC bought a new position in Genius Sports during the fourth quarter valued at approximately $35,000. Schrum Private Wealth Management LLC purchased a new stake in Genius Sports during the 1st quarter valued at $39,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Genius Sports by 479.4% in 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. Ulland Investment Advisors LLC purchased a new stake in Genius Sports during the fourth quarter valued at $46,000. Finally, Bridgefront Capital LLC purchased a new position in Genius Sports in the first quarter worth about $65,000. 42.13% of the stock is currently owned by institutional investors.

NYSE:GENI traded up $0.21 during trading hours on Wednesday, reaching $3.15. The company’s stock had a trading volume of 1,699,144 shares, compared to its average volume of 1,853,023. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.19 and a current ratio of 2.19. The firm has a market capitalization of $627.20 million, a price-to-earnings ratio of -0.80 and a beta of 1.71. The firm has a 50-day simple moving average of $3.87 and a 200-day simple moving average of $6.24. Genius Sports has a 1 year low of $2.64 and a 1 year high of $25.18.

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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