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

Motorsport Games

21/08/2023 22:01

* Motorsport Games Inc  MSGM.OQ  reported a quarterly
adjusted
loss of $3.02​​ per share for the quarter ended in June. The
mean expectation of two analysts for the quarter was for a loss
of $1.91 per share.
    * Revenue fell 13.4% to $1.74 million from a year ago;
analysts
expected $1.43 million. 
    * Motorsport Games Inc's reported EPS for the quarter was a
loss
of $3.02​.
    * The mean earnings estimate of analysts was unchanged 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 risen by 3.7% this
quarter and
gained 7.5% so far this year.
    * The company reported a quarterly loss of $8.17 million.
    * Wall Street's median 12-month price target for Motorsport
Games
Inc is $7.25 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 21 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -1.91          -3.02          Missed
 Mar. 31 2023      -3.35          -2.33          Beat
 Dec. 31 2022      -3.73          -4.17          Missed
 Sep. 30 2022      -5.00          -7.29          Missed