Sportradar Group (SRAD) to Release Quarterly Earnings on Wednesday

Sportradar Group (NASDAQ:SRAD) will be issuing its quarterly earnings data before the market opens on Wednesday, May 15th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Sportradar Group has set its FY 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. Sportradar Group had a return on equity of 4.54% and a net margin of 4.27%. The firm had revenue of $271.98 million during the quarter, compared to the consensus estimate of $267.36 million. On average, analysts expect Sportradar Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sportradar Group Trading Up 0.5 %

Shares of SRAD stock opened at $9.35 on Wednesday. The company has a market capitalization of $10.39 billion, a P/E ratio of 77.92 and a beta of 2.02. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $10.37 and its two-hundred day moving average is $10.31. Sportradar Group has a twelve month low of $8.08 and a twelve month high of $15.56.

Analyst Upgrades and Downgrades

SRAD has been the topic of several recent research reports. Jefferies Financial Group dropped their price objective on shares of Sportradar Group from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, April 16th. Morgan Stanley lifted their price objective on Sportradar Group from $11.00 to $11.50 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. increased their target price on Sportradar Group from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Canaccord Genuity Group restated a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research note on Thursday, March 21st. Finally, Citigroup raised their target price on Sportradar Group from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.67.

Sportradar Group Company Profile

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.