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

Motorsport Games

09/08/2024 22:52

* Motorsport Games Inc  MSGM.OQ  reported a quarterly
adjusted
loss of 32 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $-3.02.  The lone analyst forecast for the
quarter was for earnings of 69 cents per share. 
    * Revenue rose 8.2% to $1.88 million from a year ago;
analysts
expected $1.80 million. 
    * Motorsport Games Inc's reported EPS for the quarter was 87
cents​.
    * The company reported quarterly net income of $2.38
million.
    * Motorsport Games Inc shares had fallen by 37.2% this
quarter and
lost 51.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 188.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "hold"

Wall Street's median 12-month price target for Motorsport Games
Inc is $5.00 
This summary was machine generated from LSEG data August 9 at
09:51 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.69           -0.32          Missed
 Mar. 31 2024      -0.78          -0.60          Beat
                                  1.35           
 Sep. 30 2023      -1.72          -1.28          Beat