Genius Sports (GENI) Scheduled to Post Quarterly Earnings on Tuesday

Genius Sports (NYSE:GENI - Get Free Report) is set to announce its earnings results before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The business had revenue of $95.50 million during the quarter, compared to analysts' expectations of $94.15 million. Genius Sports had a negative return on equity of 15.30% and a negative net margin of 21.93%. Genius Sports's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted ($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 Stock Performance

NYSE:GENI traded up $0.05 during trading hours on Tuesday, reaching $6.79. The company's stock had a trading volume of 1,682,561 shares, compared to its average volume of 2,303,181. The stock has a 50 day moving average price of $7.49 and a two-hundred day moving average price of $6.40. The company has a market capitalization of $1.56 billion, a P/E ratio of -15.77 and a beta of 1.98. Genius Sports has a 12 month low of $4.73 and a 12 month high of $8.64.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GENI. B. Riley boosted their target price on shares of Genius Sports from $9.00 to $10.00 and gave the stock a "buy" rating in a 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. Macquarie lowered their price target on Genius Sports from $10.00 to $9.00 and set an "outperform" rating for the company in a report on Thursday, July 18th. Benchmark restated a "buy" rating and set a $10.00 price objective on shares of Genius Sports in a report on Friday, October 11th. Finally, The Goldman Sachs Group increased their price objective on shares of Genius Sports from $7.50 to $8.50 and gave the company a "buy" rating in a research report on Thursday, August 8th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $9.45.

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.