Yahoo Finance Rush Street Interactive (RSI) Q2 Earnings Report Preview: What To Look For
Online casino and sports betting company Rush Street Interactive (NYSE:RSI) will be announcing earnings results tomorrow after market close. Here's what to look for.
Rush Street Interactive beat analysts' revenue expectations by 9.8% last quarter, reporting revenues of $217.4 million, up 33.9% year on year. It was an incredible quarter for the company, with an impressive beat of analysts' earnings estimates and full-year revenue guidance exceeding analysts' expectations.
Is Rush Street Interactive a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Rush Street Interactive's revenue to grow 22% year on year to $201.4 million, improving from the 14.8% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at $0 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Rush Street Interactive has missed Wall Street's revenue estimates twice over the last two years.
Looking at Rush Street Interactive's peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Churchill Downs delivered year-on-year revenue growth of 15.9%, beating analysts' expectations by 3.7%, and Royal Caribbean reported revenues up 16.7%, topping estimates by 1.6%. Churchill Downs's stock price was unchanged after the results, while Royal Caribbean was down 6.7%.
Read our full analysis of Churchill Downs's results here and Royal Caribbean's results here.
There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 11.2% on average over the last month. Rush Street Interactive is up 8% during the same time and is heading into earnings with an average analyst price target of $10.3 (compared to the current share price of $10.22).
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