Sportradar Group AG reports results for the quarter ended in December - Earnings Summary

Sportradar AG

20/03/2024 13:32

* Sportradar Group AG  SRAD.OQ  reported quarterly adjusted
earnings of 8 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -11 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 4 cents per
share. Wall Street expected results to range from 1 cents to 7
cents per share.
    * Revenue rose 22.4% to €252.59 million from a year ago;
analysts
expected €249.14 million. 
    * Sportradar Group AG's reported EPS for the quarter was 8
cents​.
    * The company reported quarterly net income of €23.41
million.
    * Sportradar Group AG shares had fallen by 8.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.2%
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 8 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Sportradar Group
AG is $12.00 
This summary was machine generated from LSEG data March 20 at
01:31 p.m. UTC. ​All figures in euros 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
 Dec. 31 2023      0.04           0.08           Beat
 Sep. 30 2023      0.05           0.05           Met
 Jun. 30 2023      0.04           0.00           Missed
 Mar. 31 2023      0.04           0.02           Missed