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

Genius Sports (NYSE:GENI) posted its earnings results on Tuesday. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06, Briefing.com reports. Genius Sports had a negative return on equity of 14.09% and a negative net margin of 15.84%. The business had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $118.94 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The business’s revenue 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 Performance

Shares of GENI opened at $9.59 on Thursday. The stock has a fifty day moving average of $7.58 and a two-hundred day moving average of $6.54. The company has a market capitalization of $2.20 billion, a PE ratio of -29.97 and a beta of 1.98. Genius Sports has a fifty-two week low of $4.90 and a fifty-two week high of $10.15.

Analysts Set New Price Targets

GENI has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed 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 price target 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. Oppenheimer lifted their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday. B. Riley lifted their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Benchmark lifted their price target on shares of Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $10.25.

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.