Rush Street Interactive (RSI) Scheduled to Post Earnings on Wednesday

Rush Street Interactive (NYSE:RSI) will be posting its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Rush Street Interactive to post earnings of ($0.03) per share for the quarter. Rush Street Interactive has set its FY 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Wednesday, May 1st. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.04. The company had revenue of $217.43 million for the quarter, compared to the consensus estimate of $203.05 million. Rush Street Interactive had a negative return on equity of 15.68% and a negative net margin of 1.58%. On average, analysts expect Rush Street Interactive to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rush Street Interactive Stock Performance

NYSE RSI opened at $10.21 on Tuesday. The company has a market capitalization of $2.30 billion, a PE ratio of -60.03 and a beta of 1.79. The business’s fifty day moving average is $9.28 and its 200 day moving average is $7.30. Rush Street Interactive has a fifty-two week low of $3.17 and a fifty-two week high of $10.55.

Analyst Ratings Changes

RSI has been the topic of a number of recent analyst reports. Oppenheimer raised their price target on Rush Street Interactive from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Wells Fargo & Company raised their price target on Rush Street Interactive from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Craig Hallum raised their price target on Rush Street Interactive from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, Needham & Company LLC lifted their target price on Rush Street Interactive from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Rush Street Interactive presently has an average rating of “Moderate Buy” and an average target price of $8.83.

About Rush Street Interactive

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.