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

Motorsport Games

11/05/2023 22:02

* Motorsport Games Inc  MSGM.OQ  reported a quarterly
adjusted
loss of $2.33​​ per share for the quarter ended in March. The
mean expectation of two analysts for the quarter was for a loss
of $3.35 per share.
    * Revenue fell 47.9% to $1.73 million from a year ago;
analysts
expected $1.34 million. 
    * Motorsport Games Inc's reported EPS for the quarter was a
loss
of $2.33​.
    * The mean earnings estimate of analysts had fallen by
about 76.3%
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 11.4% this
quarter and
gained 21.7% so far this year.
    * The company reported a quarterly loss of $5.1 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 May
11 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -4.47          -6.30          Missed