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

Motorsport Games

18/11/2022 22:01

* Motorsport Games Inc  MSGM.OQ  reported a quarterly
adjusted
loss of $7.29​​ per share for the quarter ended in September.
The mean expectation of three analysts for the quarter was for a
loss of $5.00 per share.
    * Revenue fell 42.8% to $1.22 million from a year ago;
analysts
expected $3.23 million. 
    * Motorsport Games Inc's reported EPS for the quarter was a
loss
of $7.29​.
    * 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 0.2% this
quarter and
lost 83.2% so far this year.
    * The company reported a quarterly loss of $8.52 million.
    * Wall Street's median 12-month price target for Motorsport
Games
Inc is $20.00 
    * 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 November
18 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -5.00          -7.29          Missed
 Jun. 30 2022      -4.47          -6.30          Missed
 Mar. 31 2022      -5.03          -13.00         Missed
 Dec. 31 2021      -0.03          -6.00          Missed