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

Sportradar AG

01/11/2023 13:32

* Sportradar Group AG  SRAD.OQ  reported quarterly adjusted
earnings of 5 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 4 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 3 cents to 8
cents per share.
    * Revenue rose 12.4% to €201.04 million from a year ago;
analysts
expected €215.25 million. 
    * Sportradar Group AG's reported EPS for the quarter was 2
cents​.
    * The company reported quarterly net income of €4.34
million.
    * Sportradar Group AG shares had fallen by 11.8% this
quarter and
lost 11.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 November 1 at
01:32 p.m. UTC. ​All figures in euros unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.05           0.05           Met
 Jun. 30 2023      0.04           0.00           Missed
 Mar. 31 2023      0.04           0.02           Missed
 Dec. 31 2022      0.04           -0.11          Missed