Rush Street Interactive Earnings: What To Look For From RSI
Online casino and sports betting company Rush Street Interactive (NYSE:RSI) will be reporting results this Tuesday afternoon. Here’s what to look for.
Rush Street Interactive beat analysts’ revenue expectations by 4.3% last quarter, reporting revenues of $277.9 million, up 19.7% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and a beat of analysts’ EPS estimates.
This quarter, analysts are expecting Rush Street Interactive’s revenue to grow 19.9% year on year to $304.8 million, slowing from the 31.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.11 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Rush Street Interactive has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 6.6% on average.
Looking at Rush Street Interactive’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. DraftKings delivered year-on-year revenue growth of 42.8%, meeting analysts’ expectations, and Hasbro reported revenues up 31.3%, topping estimates by 14.4%. DraftKings traded down 14.4% following the results while Hasbro was up 9.5%.
Investors in the consumer discretionary segment have had fairly steady hands going into earnings, with share prices down 1.7% on average over the last month. Rush Street Interactive is down 14.9% during the same time and is heading into earnings with an average analyst price target of $23.86 (compared to the current share price of $16.03).
Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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