Rush Street Interactive (NYSE:RSI) Releases Earnings Results, Beats Estimates By $0.06 EPS

Rush Street Interactive (NYSE:RSI) issued its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06, Briefing.com reports. The firm had revenue of $220.38 million during the quarter, compared to the consensus estimate of $201.37 million. Rush Street Interactive had a negative return on equity of 12.65% and a negative net margin of 0.84%. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.08) EPS. Rush Street Interactive updated its FY 2024 guidance to EPS.

Rush Street Interactive Stock Down 5.3 %

Shares of RSI traded down $0.57 during mid-day trading on Friday, hitting $10.20. The company had a trading volume of 1,218,594 shares, compared to its average volume of 1,549,704. The stock has a market cap of $2.30 billion, a PE ratio of -58.06 and a beta of 1.79. The business’s 50-day simple moving average is $9.38 and its 200-day simple moving average is $7.38. Rush Street Interactive has a 1-year low of $3.17 and a 1-year high of $11.59.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RSI. Oppenheimer boosted their price target on Rush Street Interactive from $10.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday. Craig Hallum boosted their target price on shares of Rush Street Interactive from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company raised their price target on shares of Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Needham & Company LLC boosted their price objective on shares of Rush Street Interactive from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.17.

Rush Street Interactive Company Profile

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.