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

Sportradar AG

15/05/2024 14:31

* Sportradar Group AG  SRAD.OQ  reported quarterly breakeven
results​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of 2
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 5 cents per share. Wall Street expected
results to range from 1 cents to 9 cents per share.
    * Revenue rose 28.1% to $265.89 million from a year ago;
analysts
expected $246.99 million. 
    * Sportradar Group AG's reported EPS for the quarter was
breakeven
results​.
    * The company reported a quarterly loss of $574 thousand.
    * Sportradar Group AG shares had fallen by 18.4% this
quarter and
lost 14.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 $14.50 
This summary was machine generated from LSEG data May 15 at
01:30 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      0.05           0.00           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