Genius Sports (GENI) Scheduled to Post Earnings on Tuesday

Genius Sports (NYSE:GENI) will release its earnings data before the market opens on Tuesday, November 12th. Analysts expect Genius Sports to post earnings of ($0.02) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The firm had revenue of $95.50 million during the quarter, compared to the consensus estimate of $94.15 million. Genius Sports had a negative return on equity of 15.30% and a negative net margin of 21.93%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) EPS. On average, analysts expect Genius Sports to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Genius Sports Price Performance

Shares of NYSE GENI opened at $6.74 on Tuesday. The company has a market cap of $1.55 billion, a P/E ratio of -15.67 and a beta of 1.98. Genius Sports has a 1 year low of $4.73 and a 1 year high of $8.64. The firm has a 50-day simple moving average of $7.49 and a two-hundred day simple moving average of $6.40.

Analysts Set New Price Targets

A number of brokerages have recently commented on GENI. The Goldman Sachs Group raised their target price on shares of Genius Sports from $7.50 to $8.50 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Benchmark reaffirmed a “buy” rating and set a $10.00 target price on shares of Genius Sports in a research report on Friday, October 11th. B. Riley raised their target price on shares of Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 target price on shares of Genius Sports in a research report on Tuesday, August 6th. Finally, Macquarie reduced their target price on shares of Genius Sports from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Thursday, July 18th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $9.45.

Genius Sports Company Profile

Genius Sports Limited engages in the development and sale of 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.