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Sportradar Group AG (SRAD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ST. GALLEN, Switzerland, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) (“Sportradar”) will release its financial and operating results for the fourth quarter ended December 31, 2023 on Wednesday, March 20, 2024. Sportradar will also host an earnings call via webcast to discuss the results at 8:30 a.m. ET on Wednesday, March 20, 2024.
Sportradar is a global leader in sports data and intelligence, with partnerships with major leagues and a strong presence in over 115 countries. Shares have traded lower since its IPO in 2021 but remain undervalued at the current price of $10, in my opinion. The increasing adoption of SRAD's Alpha Odds product and the legalization of sports betting in more US states may present strong catalysts.
CNBC's Contessa Brewer reports on sports betting stocks, and the under-the-radar stocks that investors should know about. Charles Scherr, vice president of capital markets at Genius Sports, joins the show.
ST. GALLEN, Switzerland, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or the “Company”), a leading global sports technology company focused on creating immersive experiences for sports fans and bettors, today announced that Gerard Griffin, the Company's Chief Financial Officer, will participate in Needham's 3rd Annual Consumer Tech / E-Commerce Virtual Conference on Monday November 20, 2023. The virtual fireside chat will take place at 9:20 am eastern time. Please click here for access: https://wsw.com/webcast/needham137/srad/2245890
Sportradar has potential for further growth due to its extensive data sets in the growing sports betting industry. The company has seen fluctuating margins due to extensive investments, but I believe Sportradar is on track for significant margin expansion. The stock seems to price in a good amount of growth and margin expansion, as my DCF model estimates the stock to be fairly valued.
Sportradar Group AG (SRAD) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
ST. GALLEN, Switzerland, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Sportradar Group AG (NASDAQ:SRAD) (“Sportradar”), a leading global technology company focused on enabling next generation engagement in sports by providing business-to-business solutions to the global sports betting industry, will release its financial and operating results for the third quarter ended September 30, 2023 on Wednesday, November 1, 2023. Sportradar will also host an earnings call via webcast to discuss the results at 8:00 a.m. ET on Wednesday, November 1, 2023.
We are entering week four of the NFL season and online betting just got a little busier with Fanatics and Caesars Entertainment (NASDAQ: CZR ) offering live streaming of NFL games. They are doing so on their betting apps through Betvision, Genius Sports' (NYSE: GENI ) immersive sports wagering experience.
Sportradar Group AG (SRAD) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.04. This compares to earnings of $0.08 per share a year ago.