Genius Sports Q1 EPS $(0.11) Misses $(0.09) Estimate, Sales $119.72M Beat $115.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
Genius Sports (NYSE:GENI) reported Q1 EPS of $(0.11), missing estimates by 22.22% but improved from last year's $(0.12). Sales of $119.72M exceeded estimates by 3.35% and grew 23.13% year-over-year.
May 08, 2024 | 11:04 am
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Genius Sports reported a Q1 EPS miss but exceeded sales estimates with significant year-over-year growth.
While Genius Sports missed EPS estimates, indicating potential concerns about profitability, the significant beat on sales estimates and strong year-over-year growth could offset investor concerns. The mixed results present a neutral short-term outlook as the market digests both the earnings miss and the sales beat.
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IMPORTANCE 75
RELEVANCE 100