In the latest trading session, Super Group (SGHC) Limited (SGHC) closed at $13.20, marking a -2.87% move from the previous day. This change lagged the S&P 500's daily gain of 0.41%. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 0.31%.
Heading into today, shares of the company had gained 16.85% over the past month, outpacing the Consumer Discretionary sector's gain of 0.17% and the S&P 500's gain of 3.15%.
The investment community will be paying close attention to the earnings performance of Super Group (SGHC) Limited in its upcoming release. The company's upcoming EPS is projected at $0.14, signifying a 55.56% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $529 million, indicating a 19.48% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.46 per share and revenue of $2.17 billion, which would represent changes of +35.29% and +18.13%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Super Group (SGHC) Limited. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 27.78% upward. Super Group (SGHC) Limited currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Super Group (SGHC) Limited is currently being traded at a Forward P/E ratio of 29.54. This denotes a premium relative to the industry average Forward P/E of 26.04.
The Gaming industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 78, placing it within the top 32% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Super Group (SGHC) Limited (SGHC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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