Online casino and sports betting company Rush Street Interactive (NYSE:RSI) will be reporting results tomorrow after the bell. Here's what you need to know.
Last quarter Rush Street Interactive reported revenues of $169.9 million, up 14.8% year on year, beating analyst revenue expectations by 3.5%. It was a strong quarter for the company, with an impressive beat of analysts' earnings estimates.
Is Rush Street Interactive buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Rush Street Interactive's revenue to grow 8% year on year to $178.8 million, slowing down from the 26.8% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.04 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.
Looking at Rush Street Interactive's peers in the casinos and gaming segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. DraftKings delivered top-line growth of 43.9% year on year, missing analyst estimates by 0.7% and Everi reported revenue decline of 6.5% year on year, missing analyst estimates by 3.1%. DraftKings traded down 3.4% on the results, and Everi was up 4.3%.
Read our full analysis of DraftKings's results here and Everi's results here.
Investors in the casinos and gaming segment have had steady hands going into the earnings, with the stocks up on average 0.7% over the last month. Rush Street Interactive is up 4.8% during the same time, and is heading into the earnings with analyst price target of $6.6, compared to share price of $5.66.
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