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Super Group (SGHC) Limited (SGHC) Stock Falls Amid Market Uptick: What Investors Need to Know
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The latest trading session saw Super Group (SGHC - Free Report) Limited (SGHC - Free Report) ending at $3.83, denoting a -1.03% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 1.08% for the day. Elsewhere, the Dow saw an upswing of 0.75%, while the tech-heavy Nasdaq appreciated by 2.64%.
Shares of the company witnessed a gain of 19.08% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 0.08% and the S&P 500's loss of 0.44%.
Analysts and investors alike will be keeping a close eye on the performance of Super Group (SGHC - Free Report) Limited in its upcoming earnings disclosure. The company's earnings report is set to go public on August 7, 2024. In that report, analysts expect Super Group (SGHC - Free Report) Limited to post earnings of $0.11 per share. This would mark year-over-year growth of 57.14%. At the same time, our most recent consensus estimate is projecting a revenue of $436.89 million, reflecting a 5.4% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.35 per share and a revenue of $1.69 billion, signifying shifts of +775% and +8.8%, respectively, from the last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Super Group (SGHC - Free Report) Limited. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Super Group (SGHC - Free Report) Limited presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Super Group (SGHC - Free Report) Limited has a Forward P/E ratio of 11.06 right now. This expresses a discount compared to the average Forward P/E of 18.32 of its industry.
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Super Group (SGHC) Limited (SGHC) Stock Falls Amid Market Uptick: What Investors Need to Know
The latest trading session saw Super Group (SGHC - Free Report) Limited (SGHC - Free Report) ending at $3.83, denoting a -1.03% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 1.08% for the day. Elsewhere, the Dow saw an upswing of 0.75%, while the tech-heavy Nasdaq appreciated by 2.64%.
Shares of the company witnessed a gain of 19.08% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 0.08% and the S&P 500's loss of 0.44%.
Analysts and investors alike will be keeping a close eye on the performance of Super Group (SGHC - Free Report) Limited in its upcoming earnings disclosure. The company's earnings report is set to go public on August 7, 2024. In that report, analysts expect Super Group (SGHC - Free Report) Limited to post earnings of $0.11 per share. This would mark year-over-year growth of 57.14%. At the same time, our most recent consensus estimate is projecting a revenue of $436.89 million, reflecting a 5.4% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.35 per share and a revenue of $1.69 billion, signifying shifts of +775% and +8.8%, respectively, from the last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Super Group (SGHC - Free Report) Limited. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Super Group (SGHC - Free Report) Limited presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Super Group (SGHC - Free Report) Limited has a Forward P/E ratio of 11.06 right now. This expresses a discount compared to the average Forward P/E of 18.32 of its industry.
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.