Genius Sports (GENI) to Release Earnings on Wednesday

Genius Sports (NYSE:GENI - Get Free Report) will announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Genius Sports (NYSE:GENI - Get Free Report) last posted its earnings results on Wednesday, March 6th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.10). The firm had revenue of $127.20 million for the quarter, compared to analysts' expectations of $126.53 million. Genius Sports had a negative net margin of 20.71% and a negative return on equity of 12.67%. Genius Sports's revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.18) earnings per share. 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 Stock Performance

Shares of NYSE:GENI remained flat at $5.04 during trading on Wednesday. 1,965,891 shares of the stock traded hands, compared to its average volume of 2,227,932. The stock has a market capitalization of $1.17 billion, a P/E ratio of -12.58 and a beta of 1.96. The business's 50-day simple moving average is $5.88 and its two-hundred day simple moving average is $5.88. Genius Sports has a 52-week low of $3.64 and a 52-week high of $8.45.

Analysts Set New Price Targets

Several brokerages recently commented on GENI. JMP Securities reissued a "market outperform" rating and issued a $8.00 price target on shares of Genius Sports in a report on Thursday, March 7th. The Goldman Sachs Group began coverage on shares of Genius Sports in a report on Tuesday, April 16th. They issued a "buy" rating and a $7.50 price target for the company. B. Riley began coverage on shares of Genius Sports in a report on Friday, April 5th. They issued a "buy" rating and a $9.00 price target for the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $8.00 target price on shares of Genius Sports in a report on Monday, February 26th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $9.00 target price on shares of Genius Sports in a report on Wednesday, March 6th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $9.25.

About Genius Sports

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.