Genius Sports Q4 EPS $(0.12) Misses $(0.07) Estimate, Sales $127.17M Beat $126.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Genius Sports (NYSE:GENI) reported Q4 earnings with a per-share loss of $(0.12), missing the $(0.07) estimate, but sales of $127.17M exceeded the $126.13M forecast. This represents an 80.95% improvement in losses and a 20.73% increase in sales year-over-year.
March 06, 2024 | 12:02 pm
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Genius Sports reported a Q4 EPS loss of $(0.12), missing estimates, but exceeded sales forecasts with $127.17M, indicating a significant year-over-year improvement.
While the EPS miss could negatively impact investor sentiment in the short term, the sales beat and significant year-over-year improvements in both losses and sales could mitigate this effect. The mixed results present a neutral outlook for the stock's short-term price movement.
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IMPORTANCE 90
RELEVANCE 100