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

Motorsport Games

16/05/2022 22:45

* Motorsport Games Inc  MSGM.OQ  reported a quarterly
adjusted
loss of $1.30​​ per share for the quarter ended in March. The
mean expectation of three analysts for the quarter was for a
loss of 50 cents per share.
    * Revenue rose 34.2% to $3.32 million from a year ago; 
analysts
expected $1.78 million. 
    * Motorsport Games Inc's reported EPS for the quarter was a
loss
of $1.30​.
    * The mean earnings estimate of analysts had fallen by
about 24.3%
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 45.5% this
quarter and
lost 78.8% so far this year.
    * The company reported a quarterly loss of $15.14 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 May 16 at 09:45 p.m.  ​All
figures in US dollars unless otherwise stated