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Super Group (SGHC) Limited (SGHC) Stock Drops Despite Market Gains: Important Facts to Note
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Super Group (SGHC - Free Report) Limited (SGHC - Free Report) closed at $10.97 in the latest trading session, marking a -1.17% move from the prior day. This change lagged the S&P 500's daily gain of 0.52%. Meanwhile, the Dow gained 0.63%, and the Nasdaq, a tech-heavy index, added 0.48%.
The company's stock has climbed by 27% in the past month, exceeding the Consumer Discretionary sector's gain of 5.55% and the S&P 500's gain of 4.27%.
Analysts and investors alike will be keeping a close eye on the performance of Super Group (SGHC - Free Report) Limited in its upcoming earnings disclosure. On that day, Super Group (SGHC - Free Report) Limited is projected to report earnings of $0.12 per share, which would represent year-over-year growth of 50%. At the same time, our most recent consensus estimate is projecting a revenue of $513.6 million, reflecting a 15.04% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.51 per share and revenue of $2.11 billion, which would represent changes of +50% and +15.1%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Super Group (SGHC - Free Report) Limited. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Super Group (SGHC - Free Report) Limited possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Super Group (SGHC - Free Report) Limited is currently being traded at a Forward P/E ratio of 21.76. This signifies a premium in comparison to the average Forward P/E of 20.28 for its industry.
The Gaming industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 152, positioning it in the bottom 39% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Super Group (SGHC) Limited (SGHC) Stock Drops Despite Market Gains: Important Facts to Note
Super Group (SGHC - Free Report) Limited (SGHC - Free Report) closed at $10.97 in the latest trading session, marking a -1.17% move from the prior day. This change lagged the S&P 500's daily gain of 0.52%. Meanwhile, the Dow gained 0.63%, and the Nasdaq, a tech-heavy index, added 0.48%.
The company's stock has climbed by 27% in the past month, exceeding the Consumer Discretionary sector's gain of 5.55% and the S&P 500's gain of 4.27%.
Analysts and investors alike will be keeping a close eye on the performance of Super Group (SGHC - Free Report) Limited in its upcoming earnings disclosure. On that day, Super Group (SGHC - Free Report) Limited is projected to report earnings of $0.12 per share, which would represent year-over-year growth of 50%. At the same time, our most recent consensus estimate is projecting a revenue of $513.6 million, reflecting a 15.04% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.51 per share and revenue of $2.11 billion, which would represent changes of +50% and +15.1%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Super Group (SGHC - Free Report) Limited. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Super Group (SGHC - Free Report) Limited possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Super Group (SGHC - Free Report) Limited is currently being traded at a Forward P/E ratio of 21.76. This signifies a premium in comparison to the average Forward P/E of 20.28 for its industry.
The Gaming industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 152, positioning it in the bottom 39% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.