Sportradar Gr Q3 2023 EPS $0.01 Misses $0.05 Estimate, Sales $218.82M Miss $228.23M Estimate
Portfolio Pulse from totan@benzinga.com
Sportradar Gr (NASDAQ:SRAD) reported Q3 2023 earnings of $0.01 per share, missing the analyst consensus estimate of $0.05 by 80%. This is a 75% decrease from the same period last year. The company also reported quarterly sales of $218.82 million, missing the analyst consensus estimate of $228.23 million by 4.12%. However, this is a 21.37% increase from the same period last year.
November 01, 2023 | 11:06 am
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NEGATIVE IMPACT
Sportradar Gr's Q3 2023 earnings and sales missed estimates, with a significant decrease in earnings YoY. However, sales increased YoY.
Sportradar Gr's earnings and sales missed estimates, which is likely to negatively impact investor sentiment and potentially the stock price. The significant decrease in earnings YoY is a concerning sign, despite the increase in sales YoY.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100