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Genius Sports Limited (GENI) Surges 8.4%: Is This an Indication of Further Gains?
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Genius Sports Limited (GENI - Free Report) shares soared 8.4% in the last trading session to close at $10.47. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.4% loss over the past four weeks.
Genius Sports is benefiting from its advanced technology solutions, expanded partnerships with NCAA and English Premier League, and innovative products like GeniusIQ, BetVision, and SAOT, driving revenue growth and creating a powerful flywheel effect across the sports ecosystem.
This company is expected to post quarterly earnings of $0.01 per share in its upcoming report, which represents a year-over-year change of +111.1%. Revenues are expected to be $118.96 million, up 24.6% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Genius Sports Limited, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on GENI going forward to see if this recent jump can turn into more strength down the road.
Genius Sports Limited belongs to the Zacks Internet - Content industry. Another stock from the same industry, Perion Network (PERI - Free Report) , closed the last trading session 1.9% lower at $9.72. Over the past month, PERI has returned -12.9%.
For Perion Network, the consensus EPS estimate for the upcoming report has changed -38.5% over the past month to $0.17. This represents a change of -34.6% from what the company reported a year ago. Perion Network currently has a Zacks Rank of #4 (Sell).
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Genius Sports Limited (GENI) Surges 8.4%: Is This an Indication of Further Gains?
Genius Sports Limited (GENI - Free Report) shares soared 8.4% in the last trading session to close at $10.47. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.4% loss over the past four weeks.
Genius Sports is benefiting from its advanced technology solutions, expanded partnerships with NCAA and English Premier League, and innovative products like GeniusIQ, BetVision, and SAOT, driving revenue growth and creating a powerful flywheel effect across the sports ecosystem.
This company is expected to post quarterly earnings of $0.01 per share in its upcoming report, which represents a year-over-year change of +111.1%. Revenues are expected to be $118.96 million, up 24.6% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Genius Sports Limited, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on GENI going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Genius Sports Limited belongs to the Zacks Internet - Content industry. Another stock from the same industry, Perion Network (PERI - Free Report) , closed the last trading session 1.9% lower at $9.72. Over the past month, PERI has returned -12.9%.
For Perion Network, the consensus EPS estimate for the upcoming report has changed -38.5% over the past month to $0.17. This represents a change of -34.6% from what the company reported a year ago. Perion Network currently has a Zacks Rank of #4 (Sell).