Zacks: Analysts expect Gambling.com Group Limited (NASDAQ:GAMB) to post quarterly sales of $17.97 million


Analysts expect Gambling.com Group Limited (NASDAQ: GAMBGet a rating) will announce sales of $17.97 million for the current fiscal quarter, according to Zacks. Three analysts provided earnings estimates for Gambling.com Group. The highest sales estimate is $18.40 million and the lowest is $17.10 million. The company is due to announce its next results on Monday, January 1.

On average, analysts expect Gambling.com Group to record annual sales of $73.70 million for the current fiscal year, with estimates ranging from $73.50 to $74.10 million. For the next fiscal year, analysts expect the company to record sales of $96.90 million, with estimates ranging from $95.59 million to $97.90 million. Zacks sales calculations are an average based on a survey of analysts who track Gambling.com Group.

Gambling.com Group (NASDAQ: GAMBGet a rating) last announced its quarterly results on Thursday, March 24. The company reported earnings per share of $0.05 for the quarter, beating consensus analyst estimates of $0.04 by $0.01. The Gambling.com Group achieved a return on equity of 20.89% and a net margin of 29.42%. The company posted revenue of $10.29 million for the quarter, versus $10.28 million expected by analysts.

Several analysts have recently commented on the company. Truist Financial lowered its price target on Gambling.com Group from $17.00 to $13.00 and set a “buy” rating on the stock in a Thursday, January 13 report. Zacks Investment Research upgraded the Gambling.com group from a “sell” rating to a “hold” rating in a Wednesday, January 19 report.

A number of institutional investors have recently bought and sold shares of GAMB. EAM Global Investors LLC bought a new position in Gambling.com Group in the third quarter, valued at approximately $3,106,000. Exchange Traded Concepts LLC acquired a new position in Gambling.com Group in the fourth quarter worth approximately $2,136,000. Teton Advisors Inc. acquired a new position in Gambling.com Group in the third quarter worth approximately $1,789,000. Caas Capital Management LP acquired a new position in Gambling.com Group in the third quarter worth approximately $1,391,000. Finally, EAM Investors LLC acquired a new position in Gambling.com Group in the third quarter, valued at approximately $959,000. Institutional investors and hedge funds hold 8.51% of the company’s shares.

NASDAQ: GAMB traded at $0.18 during Monday trading hours, reaching $7.58. The company had a trading volume of 70,137 shares, compared to an average volume of 78,662. The company has a 50-day simple moving average of $9.41. The Gambling.com group has a one-year minimum of $6.56 and a one-year maximum of $16.97. The company has a debt ratio of 0.02, a current ratio of 5.75 and a quick ratio of 5.75.

Gambling.com Group Company Profile (Get a rating)

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. The Company provides digital marketing services for iGaming and sports betting. It publishes various branded websites, including Gambling.com and Bookies.com. Gambling.com Group Limited was incorporated in 2006 and is based in St.

Read more

Get a Free Copy of Zacks Research Report on Gambling.com Group (GAMB)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Earnings history and estimates for Gambling.com Group (NASDAQ: GAMB)



Receive Gambling.com Group news and reviews daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for the Gambling.com Group and related companies with MarketBeat.com’s free daily email newsletter.


Source link

Back To Top