Super Group (SGHC) Limited (SGHC) closed at $8.86 in the latest trading session, marking a -3.06% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.33% for the day. At the same time, the Dow added 0.1%, and the tech-heavy Nasdaq lost 0.59%.
Heading into today, shares of the company had lost 11.95% over the past month, lagging the Consumer Discretionary sector's loss of 3.6% and the S&P 500's loss of 0%.
Investors will be eagerly watching for the performance of Super Group (SGHC) Limited in its upcoming earnings disclosure. In that report, analysts expect Super Group (SGHC) Limited to post earnings of $0.14 per share. This would mark year-over-year growth of 7.69%. In the meantime, our current consensus estimate forecasts the revenue to be $568 million, indicating a 6.49% growth compared to the corresponding quarter of the prior year.
SGHC's full-year Zacks Consensus Estimates are calling for earnings of $0.5 per share and revenue of $2.22 billion. These results would represent year-over-year changes of +47.06% and +21.08%, respectively.
Investors should also note any recent changes to analyst estimates for Super Group (SGHC) Limited. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Super Group (SGHC) Limited is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Super Group (SGHC) Limited is currently trading at a Forward P/E ratio of 12.03. This expresses a discount compared to the average Forward P/E of 16.29 of its industry.
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 175, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SGHC in the coming trading sessions, be sure to utilize Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Super Group (SGHC) Limited (SGHC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
