Genius Sports (NYSE:GENI) Posts Earnings Results, Beats Estimates By $0.06 EPS

Genius Sports (NYSE:GENI) issued its earnings results on Tuesday. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.06, Briefing.com reports. The business had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.06) EPS. Genius Sports updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Genius Sports Trading Down 2.1 %

GENI opened at $9.39 on Friday. The company has a 50 day moving average of $7.62 and a two-hundred day moving average of $6.56. Genius Sports has a 52-week low of $4.91 and a 52-week high of $10.15.

Analyst Upgrades and Downgrades

GENI has been the topic of several research reports. Macquarie raised their price objective on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday. The Goldman Sachs Group upped their price objective on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research report on Thursday. B. Riley lifted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $9.00 price target on shares of Genius Sports in a report on Tuesday. Finally, Oppenheimer boosted their target price on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Genius Sports has an average rating of “Buy” and an average target price of $10.39.

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.