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

Rush Street Interactive

02/05/2024 19:25

* Rush Street Interactive Inc  RSI.N  reported quarterly
adjusted
earnings of 3 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -8 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 2 cents per
share. Wall Street expected results to range from -6 cents
tozero cents per share.
    * Revenue rose 33.9% to $217.43 million from a year ago;
analysts
expected $196.88 million. 
    * Rush Street Interactive Inc's reported EPS for the quarter
was a
loss of 1 cent​.
    * The company reported a quarterly loss of $727 thousand.
    * Rush Street Interactive Inc shares had fallen by 1.4% this
quarter and gained 43.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 60.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $9.50 
This summary was machine generated from LSEG data May 2 at 06:25
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
 Mar. 31 2024      -0.02          0.03           Beat
 Dec. 31 2023      -0.03          0.01           Beat
 Sep. 30 2023      -0.06          -0.03          Beat
 Jun. 30 2023      -0.10          -0.04          Beat