Elys Game Technology, Corp. (NASDAQ:ELYS) Expected to Announce Earnings of -$0.10 Per Share

Wall Street brokerages forecast that Elys Game Technology, Corp. (NASDAQ:ELYS) will report earnings of ($0.10) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Elys Game Technology’s earnings, with the lowest EPS estimate coming in at ($0.16) and the highest estimate coming in at ($0.04). Elys Game Technology reported earnings per share of ($0.08) during the same quarter last year, which would suggest a negative year-over-year growth rate of 25%. The company is expected to issue its next quarterly earnings report on Friday, November 19th.

On average, analysts expect that Elys Game Technology will report full-year earnings of ($0.30) per share for the current fiscal year. For the next year, analysts anticipate that the firm will report earnings of ($0.15) per share, with EPS estimates ranging from ($0.23) to ($0.06). Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Elys Game Technology.

Elys Game Technology (NASDAQ:ELYS) last announced its quarterly earnings results on Sunday, August 15th. The company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.02). Elys Game Technology had a negative net margin of 22.75% and a negative return on equity of 32.39%. The firm had revenue of $11.69 million for the quarter, compared to analyst estimates of $11.87 million.

ELYS has been the subject of a number of research analyst reports. HC Wainwright reiterated a “buy” rating and issued a $8.00 target price on shares of Elys Game Technology in a report on Tuesday, August 24th. Fundamental Research decreased their price objective on Elys Game Technology from $6.69 to $5.72 and set a “buy” rating for the company in a report on Tuesday, August 31st. Finally, Maxim Group started coverage on Elys Game Technology in a report on Monday, July 26th. They set a “buy” rating and a $10.00 price objective for the company.

In related news, VP Luca Pasquini sold 15,000 shares of the business’s stock in a transaction on Monday, July 19th. The stock was sold at an average price of $4.00, for a total transaction of $60,000.00. Following the sale, the vice president now directly owns 838,004 shares in the company, valued at approximately $3,352,016. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 41.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of ELYS. Millennium Management LLC purchased a new stake in Elys Game Technology in the 2nd quarter worth approximately $384,000. Royal Bank of Canada lifted its holdings in Elys Game Technology by 42.0% in the 2nd quarter. Royal Bank of Canada now owns 7,951 shares of the company’s stock worth $32,000 after buying an additional 2,351 shares during the period. Renaissance Technologies LLC bought a new position in shares of Elys Game Technology in the 2nd quarter worth approximately $92,000. Jump Financial LLC bought a new position in shares of Elys Game Technology in the 2nd quarter worth approximately $53,000. Finally, Geode Capital Management LLC bought a new position in shares of Elys Game Technology in the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 1.52% of the company’s stock.

Shares of ELYS opened at $5.10 on Wednesday. Elys Game Technology has a 1 year low of $1.36 and a 1 year high of $8.28. The business has a 50-day moving average of $4.55 and a 200-day moving average of $4.73.

About Elys Game Technology

Elys Game Technology Corp. engages in the provision of leisure gaming products and services. Its suite of products include e-sports, virtual sports, online casino, poker, bingo, interactive games, and slots. It operates through the following segments: Betting Establishments, Betting Platform Software and Services, and All Other.

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