Genius Sports (NYSE:GENI) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Genius Sports (NYSE:GENI) announced its quarterly earnings data on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06, Briefing.com reports. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The firm had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $118.94 million. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. Genius Sports’s revenue for the quarter was up 18.2% compared to the same quarter last year. Genius Sports updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Genius Sports Stock Down 2.1 %

Shares of Genius Sports stock opened at $9.39 on Friday. The stock’s fifty day moving average is $7.62 and its 200-day moving average is $6.56. Genius Sports has a 12-month low of $4.91 and a 12-month high of $10.15.

Wall Street Analyst Weigh In

Several research firms have recently commented on GENI. Macquarie upped their target price on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday. B. Riley upped their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday. Needham & Company LLC reissued a “buy” rating and issued a $9.00 price objective on shares of Genius Sports in a report on Tuesday. The Goldman Sachs Group lifted their target price on Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research note on Thursday. Finally, Oppenheimer lifted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target 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.