Rush Street Interactive Inc reports results for the quarter ended in June - Earnings Summary

Rush Street Interactive

01/08/2024 01:05

* Rush Street Interactive Inc  RSI.N  reported quarterly
adjusted
earnings of 4 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -4 cents.  The mean expectation of
seven analysts for the quarter was for breakeven results per
share. Wall Street expected results to range from -5 cents to 2
cents per share.
    * Revenue rose 33.5% to $220.38 million from a year ago;
analysts
expected $201.37 million. 
    * Rush Street Interactive Inc's reported EPS for the quarter
was
breakeven results​.
    * The company reported a quarterly loss of $100 thousand.
    * Rush Street Interactive Inc shares had risen by 4.1% this
quarter and gained 122.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 61% 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 "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the casinos &
gaming
peer group is also "buy"

Wall Street's median 12-month price target for Rush Street
Interactive Inc is $10.50 
This summary was machine generated from LSEG data August 1 at
12:05 a.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      0.00           0.04           Beat
 Mar. 31 2024      -0.02          0.03           Beat
 Dec. 31 2023      -0.03          0.01           Beat
 Sep. 30 2023      -0.06          -0.03          Beat