Motorsport Games Inc reports results for the quarter ended in June - Earnings Summary

Motorsport Games

10/08/2022 22:03

* Motorsport Games Inc  MSGM.OQ  reported a quarterly
adjusted
loss of 63 cents​​ per share for the quarter ended in June. The
mean expectation of three analysts for the quarter was for a
loss of 45 cents per share.
    * Revenue fell 10.3% to $2.01 million from a year ago;
analysts
expected $1.80 million. 
    * Motorsport Games Inc's reported EPS for the quarter was a
loss
of 63 cents​.
    * The mean earnings estimate of analysts had risen by
about 12.4%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Motorsport Games Inc shares had fallen by 6.2% this
quarter and
lost 81.8% so far this year.
    * The company reported a quarterly loss of $7.41 million.
    * Wall Street's median 12-month price target for Motorsport
Games
Inc is $2.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 10
at 09:03 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.45          -0.63          Missed
 Mar. 31 2022      -0.50          -1.30          Missed
 Dec. 31 2021      0.00           -0.60          Missed
 Sep. 30 2021      -0.45          -0.56          Missed