Rush Street Interactive (RSI) Set to Announce Quarterly Earnings on Wednesday

Rush Street Interactive (NYSE:RSI) is set to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Rush Street Interactive has set its FY 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. The business had revenue of $220.38 million for the quarter, compared to analyst estimates of $201.37 million. Rush Street Interactive had a negative return on equity of 12.45% and a negative net margin of 0.84%. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.08) EPS. On average, analysts expect Rush Street Interactive to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rush Street Interactive Trading Down 2.5 %

Shares of RSI opened at $10.32 on Monday. The stock has a 50-day moving average price of $10.15 and a 200-day moving average price of $9.22. The company has a market cap of $2.32 billion, a PE ratio of -60.71 and a beta of 1.79. Rush Street Interactive has a 12-month low of $3.17 and a 12-month high of $11.59.

Insider Buying and Selling

In other news, insider Einar Roosileht sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $9.09, for a total transaction of $1,363,500.00. Following the transaction, the insider now directly owns 809,260 shares of the company’s stock, valued at approximately $7,356,173.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Einar Roosileht sold 150,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $9.09, for a total transaction of $1,363,500.00. Following the completion of the sale, the insider now owns 809,260 shares of the company’s stock, valued at approximately $7,356,173.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Todd Schwartz sold 40,498 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $10.18, for a total transaction of $412,269.64. Following the completion of the transaction, the chief executive officer now owns 1,862,997 shares in the company, valued at $18,965,309.46. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 548,210 shares of company stock worth $5,179,362 in the last 90 days. 56.89% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RSI has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on shares of Rush Street Interactive from $11.00 to $13.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Oppenheimer upped their target price on shares of Rush Street Interactive from $10.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Craig Hallum lifted their price target on Rush Street Interactive from $11.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Needham & Company LLC increased their price objective on Rush Street Interactive from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Rush Street Interactive has a consensus rating of “Moderate Buy” and a consensus price target of $11.17.

About Rush Street Interactive

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.