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Are Consumer Discretionary Stocks Lagging Perdoceo Education (PRDO) This Year?
ZACKS· 2025-08-28 14:41
Company Performance - Perdoceo Education (PRDO) has returned approximately 24.1% year-to-date, outperforming the Consumer Discretionary sector's average return of 11.8% [4] - The Zacks Consensus Estimate for PRDO's full-year earnings has increased by 1.2% over the past 90 days, indicating improving analyst sentiment [3] Industry Context - Perdoceo Education is part of the Schools industry, which consists of 18 individual stocks and currently ranks 33 in the Zacks Industry Rank, with an average gain of 8% this year [5] - The Consumer Discretionary sector includes 253 individual stocks and holds the 9 position in the Zacks Sector Rank [2] Comparison with Peers - Another notable performer in the Consumer Discretionary sector is Rush Street Interactive, Inc. (RSI), which has achieved a year-to-date return of 58.9% [4] - Rush Street Interactive is categorized under the Gaming industry, which has 39 stocks and is ranked 105, with an industry return of +24.3% since the beginning of the year [6]
All You Need to Know About Rush Street Interactive (RSI) Rating Upgrade to Strong Buy
ZACKS· 2025-08-26 17:01
Core Viewpoint - Rush Street Interactive, Inc. (RSI) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Rush Street Interactive indicates an expected earnings of $0.35 per share for the fiscal year ending December 2025, showing no year-over-year change [9]. - Over the past three months, analysts have raised their earnings estimates for Rush Street Interactive by 14.8% [9]. Zacks Rating System - The Zacks rating system is based solely on a company's changing earnings picture, which is tracked through the Zacks Consensus Estimate [2]. - The system classifies stocks into five groups, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - The upgrade to Zacks Rank 1 places Rush Street Interactive in the top 5% of Zacks-covered stocks, suggesting potential for higher stock prices in the near term [11]. Market Dynamics - Changes in earnings estimates are strongly correlated with stock price movements, particularly due to the actions of institutional investors who adjust their valuations based on these estimates [5][6]. - The Zacks rating system maintains a balanced distribution of "buy" and "sell" ratings, ensuring that only the top 20% of stocks are positioned for superior returns based on earnings estimate revisions [10][11].
Can Rush Street Interactive (RSI) Run Higher on Rising Earnings Estimates?
ZACKS· 2025-08-25 17:21
Rush Street Interactive, Inc. (RSI) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-t ...
Down 9.1% in 4 Weeks, Here's Why You Should You Buy the Dip in Clearway Energy (CWENA)
ZACKS· 2025-08-14 14:35
Group 1 - Clearway Energy (CWENA) has experienced significant selling pressure, resulting in a 9.1% loss over the past four weeks, but it is now in oversold territory with potential for better earnings than previously predicted [1] - The Relative Strength Index (RSI) is a key technical indicator used to determine if a stock is oversold, with a reading below 30 typically indicating this condition [2][3] - CWENA's current RSI reading is 29.56, suggesting that the heavy selling may be exhausting itself and a trend reversal could be imminent [5] Group 2 - Analysts have raised earnings estimates for CWENA, with a 7.1% increase in the consensus EPS estimate over the last 30 days, indicating potential price appreciation [7] - CWENA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which further supports the likelihood of a turnaround [8]
Rush Street Interactive (RSI) FY Conference Transcript
2025-08-13 14:55
Rush Street Interactive (RSI) FY Conference Summary Company Overview - **Company**: Rush Street Interactive (RSI) - **Event**: FY Conference on August 13, 2025 - **Key Speakers**: Richard Schwartz (CEO), Kyle Sauers (CFO) Industry Insights - **iGaming Growth**: iGaming has been identified as the primary growth engine for the company, with growth rates reported at around 25% year-over-year in various states [8][10][12] - **Market Potential**: Only 5 US states currently allow legal online casinos, representing just 12% of the US population, compared to over 60% for sports betting, indicating significant growth potential for iGaming [12][13] - **Tax Revenue Generation**: States that legalize iGaming can generate hundreds of millions in tax revenues, as evidenced by Pennsylvania and Michigan [13][14] Company Strategy - **Technology Ownership**: RSI has developed its own technology platform, allowing for unique and differentiated gaming experiences, which is crucial for retaining customers [9][10][25] - **Customer Engagement**: The company focuses on creating a social and engaging environment for players, enhancing user experience through gamified promotional engines and community interactions [30][31] - **Live Dealer Strategy**: RSI offers a variety of live dealer games from multiple suppliers, enhancing player choice and experience [35][36] Market Performance - **User Growth**: Monthly active users in North America grew by 22%, with over 30% growth in iCasino markets [22][23] - **Revenue Growth**: The company reported a 15% year-over-year growth in sports betting, indicating a healthy performance despite lower marketing investments [75] Regional Focus - **Latin America**: The company is expanding its presence in Latin America, particularly in Colombia and Mexico, where it is gaining market share [84][85] - **Colombia's VAT Impact**: A temporary 19% VAT on deposits has affected net revenue, but gross gaming revenue has grown over 50% in the first half of the year [79][80] Regulatory Environment - **Legalization Challenges**: The company faces challenges in expanding iGaming due to various state regulations and interest groups, but financial pressures on states may lead to increased legalization efforts [46][50][52] - **Future Opportunities**: States with larger deficits and existing sports betting frameworks are seen as potential markets for iGaming legalization [60][61] Financial Guidance - **Conservative Outlook**: The company anticipates a deceleration in growth rates in the back half of the year due to tougher comparisons and existing VAT impacts in Colombia [90][92] Key Takeaways - **Unique Value Proposition**: RSI's focus on unique gaming experiences and customer trust is a significant differentiator in the competitive landscape [93][94] - **Cross-Selling Opportunities**: The introduction of poker is seen as a way to cross-sell to existing customers, enhancing overall engagement and retention [41][43] This summary encapsulates the key points discussed during the conference, highlighting the company's strategic focus, market performance, and future opportunities within the iGaming industry.
Rogers Sugar Reports Strong Third Quarter Results with Robust Demand from Sugar and Maple Segments
Globenewswire· 2025-08-12 11:01
VANCOUVER, British Columbia, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the "Company", "Rogers", "RSI" or "our," "we", "us") (TSX: RSI) today reported results for the third quarter and first nine months of fiscal 2025. Consolidated adjusted EBITDA for the quarter rose to $36.6 million, driven by strong performance in the Company's Maple and Sugar segments. "Our strong performance reflects the steady underlying demand for our sweeteners combined with the work we have done over the years in optimizi ...
Rush Street Interactive to Participate at the Oppenheimer Technology, Internet & Communications Conference
Globenewswire· 2025-08-08 12:30
Company Overview - Rush Street Interactive, Inc. (RSI) is a leading online casino and sports betting company operating in the United States and the Americas [3] - The company offers real-money mobile and online operations in fifteen U.S. states and several international markets including Colombia, Ontario, Mexico, and Peru [3] - RSI operates under brands such as BetRivers, PlaySugarHouse, and RushBet, and has been recognized with multiple awards for customer service and operational excellence [3] Upcoming Event - Richard Schwartz, CEO, and Kyle Sauers, CFO of RSI will participate in a fireside chat at Oppenheimer's Technology, Internet & Communications Conference on August 13 at 9:55 a.m. Eastern Time [1] - Access to the webcast will be available through the "Investors" section of RSI's website, with a replay archived for 90 days [2]
REMINDER: Rogers Sugar Inc.: Conference Call – 3rd Quarter 2025 Results
Globenewswire· 2025-08-08 12:00
Company Announcement - Rogers Sugar Inc. (RSI) will hold a conference call to discuss their 2025 third quarter results on August 12, 2025, at 8:00 a.m. Eastern Time [1] - The conference call will be chaired by Mr. Michael Walton, Chief Executive Officer, and Mr. Jean-Sébastien Couillard, Chief Financial Officer [1] Participation Details - Interested participants can join the call by dialing 1-800-717-1738 [2] - A recording of the conference call will be available by dialing 1-888-660-6264, access code 08258, until September 12, 2025 [2] - The discussion and presentation will also be accessible through a webcast [2] Contact Information - Jean-Sébastien Couillard serves as Vice President of Finance, Chief Financial Officer, and Corporate Secretary [3] - Contact number for further information is (514) 940-4350 [3]
RSI Stock Soars 22% On Q2 Blowout—Will PENN Match the Momentum?
MarketBeat· 2025-08-07 04:09
Core Viewpoint - Rush Street Interactive Inc. has demonstrated significant growth in its second-quarter earnings, leading to a notable increase in its stock price, suggesting a positive outlook for the online gaming industry as a whole [1][4][13]. Company Performance - Rush Street's revenue grew by 22% year-over-year, reaching record levels, while EBITDA increased by 88% during the same period [4]. - The growth was driven by a 25% increase in revenue from the online casino segment and a 15% increase from sports betting [4]. - The company reported a year-over-year surge in monthly active users of 30% in North America and 40% in Latin America [6]. - Rush Street remains debt-free with cash reserves of $241 million and has raised its full-year revenue and EBITDA growth guidance to 16% and 51%, respectively [7]. Industry Context - The strong performance of Rush Street may indicate a broader trend of growth within the online gaming sector, particularly as competitors like PENN Entertainment prepare to report their earnings [2][3]. - Advances in AI, user experience, and data-driven personalization are contributing to a favorable environment for online gaming companies [2]. - The recent earnings miss by DraftKings raises questions about whether Rush Street's success is indicative of a broader industry trend or specific to the company itself [15]. Analyst Sentiment - Analysts are generally bullish on Rush Street, with eight out of ten rating it a Buy, despite the stock price exceeding the consensus price target of around $18 per share [7]. - The stock forecast suggests a potential downside of 8.61% from the current price of $19.58, with a 12-month price target of $17.89 [5][6].
Rush Street Interactive(RSI) - 2025 Q2 - Quarterly Report
2025-07-31 20:42
```markdown [PART I. FINANCIAL INFORMATION](index=5&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) The company's financial statements for the period ended June 30, 2025, show significant revenue growth and a shift to profitability, with total assets increasing to $543.0 million and a substantial Tax Receivable Agreement (TRA) liability recognized [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2025 (Unaudited) | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $240,592 | $229,171 | | Deferred tax assets, net | $145,388 | $522 | | **Total assets** | **$543,021** | **$379,466** | | **Liabilities & Equity** | | | | Total current liabilities | $161,160 | $163,130 | | Tax receivable agreement liability, non-current | $112,707 | $739 | | **Total liabilities** | **$290,780** | **$181,150** | | **Total stockholders' equity** | **$252,241** | **$198,316** | - Total assets grew significantly, primarily driven by a substantial increase in net deferred tax assets from **$0.5 million to $145.4 million**[16](index=16&type=chunk) - Total liabilities increased, mainly due to the recognition of a **$112.7 million** non-current liability related to the Tax Receivable Agreement (TRA)[16](index=16&type=chunk) [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Statement of Operations Summary (in thousands, except per share data) | Metric | Q2 2025 (Unaudited) | Q2 2024 (Unaudited) | Six Months 2025 (Unaudited) | Six Months 2024 (Unaudited) | | :--- | :--- | :--- | :--- | :--- | | Revenue | $269,217 | $220,379 | $531,624 | $437,807 | | Income from operations | $24,324 | $4,197 | $39,246 | $5,729 | | Tax receivable agreement expense | ($112,692) | $0 | ($113,037) | $0 | | Income tax (benefit) expense | ($115,017) | $6,396 | ($109,952) | $11,696 | | **Net income (loss)** | **$28,830** | **($282)** | **$40,041** | **($2,491)** | | Diluted EPS | $0.12 | ($0.00) | $0.17 | ($0.01) | - Revenue for Q2 2025 increased **22%** year-over-year to **$269.2 million**[18](index=18&type=chunk) - The company reported a net income of **$28.8 million** in Q2 2025, compared to a net loss of **$0.3 million** in Q2 2024, significantly impacted by a **($112.7 million)** TRA expense and a **($115.0 million)** income tax benefit[18](index=18&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=11&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Cash Flow Summary - Six Months Ended June 30 (in thousands) | Activity | 2025 (Unaudited) | 2024 (Unaudited) | | :--- | :--- | :--- | | Net cash provided by operating activities | $54,499 | $51,118 | | Net cash used in investing activities | ($19,111) | ($18,919) | | Net cash used in financing activities | ($33,851) | ($455) | | **Net change in cash, cash equivalents and restricted cash** | **$9,196** | **$27,877** | - Net cash from operating activities remained stable at **$54.5 million** for the first six months of 2025[26](index=26&type=chunk) - Cash used in financing activities increased significantly to **$33.9 million**, primarily due to **$24.2 million** for employee taxes on share vesting and **$7.6 million** for stock repurchases[26](index=26&type=chunk)[192](index=192&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=13&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Revenue by Type - Six Months Ended June 30 (in thousands) | Revenue Type | 2025 | 2024 | | :--- | :--- | :--- | | Online casino and online sports betting | $528,401 | $434,471 | | Retail sports betting | $791 | $1,169 | | Social gaming | $2,432 | $2,167 | | **Total revenue** | **$531,624** | **$437,807** | Revenue by Geography - Six Months Ended June 30 (in thousands) | Geographic Region | 2025 | 2024 | | :--- | :--- | :--- | | United States and Canada | $457,475 | $377,050 | | Latin America, including Mexico | $74,149 | $60,757 | | **Total revenue** | **$531,624** | **$437,807** | - The company recognized a TRA liability of **$113.8 million** as of June 30, 2025, resulting in a TRA expense of **$113.0 million** for the first six months of the year, primarily due to RSILP Unit exchanges and the determination that deferred tax assets are likely to be utilized[93](index=93&type=chunk) - A significant income tax benefit of **$110.0 million** was recorded for the first six months of 2025, primarily due to the release of the valuation allowance on U.S. deferred tax assets based on current and forecasted future income[87](index=87&type=chunk)[88](index=88&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=30&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the strong performance to continued growth in existing markets and expansion into new ones, with Q2 2025 revenue growing 22% YoY to $269.2 million and Adjusted EBITDA reaching $40.2 million, while maintaining a strong liquidity position [Trends in Key Metrics](index=31&type=section&id=Trends%20in%20Key%20Metrics) - Average Monthly Active Users (MAUs) in the United States and Canada increased for the six months ended June 30, 2025, compared to the same period in 2024, due to growth in existing markets and effective marketing[121](index=121&type=chunk) - Average Revenue Per MAU (ARPMAU) in the United States and Canada also increased year-over-year, driven by growth in online casino markets and a focus on retaining quality players[126](index=126&type=chunk) - In Latin America, MAUs increased due to growth in Colombia, Mexico, and expansion into Peru, though ARPMAU decreased primarily due to increased bonusing related to a new value-added tax in Colombia and unfavorable foreign exchange rates[123](index=123&type=chunk)[129](index=129&type=chunk) [Non-GAAP Information](index=34&type=section&id=Non-GAAP%20Information) Adjusted EBITDA Reconciliation (in thousands) | Metric | Q2 2025 | Q2 2024 | Six Months 2025 | Six Months 2024 | | :--- | :--- | :--- | :--- | :--- | | Net income (loss) | $28,830 | ($282) | $40,041 | ($2,491) | | Adjustments | $11,419 | $21,725 | $33,434 | $40,992 | | **Adjusted EBITDA** | **$40,249** | **$21,443** | **$73,475** | **$38,501** | - Adjusted EBITDA for Q2 2025 was **$40.2 million**, an **88%** increase from **$21.4 million** in Q2 2024[133](index=133&type=chunk) [Results of Operations](index=37&type=section&id=Results%20of%20Operations) Comparison of Three Months Ended June 30, 2025 and 2024 (in thousands) | Item | 2025 | 2024 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Revenue | $269,217 | $220,379 | $48,838 | 22% | | Costs of revenue | $174,147 | $144,477 | $29,670 | 21% | | Sales and marketing | $37,132 | $36,944 | $188 | 1% | | General and administrative | $23,787 | $27,206 | ($3,419) | (13)% | | Income from operations | $24,324 | $4,197 | $20,127 | n/m | - Q2 2025 revenue increased **22%** YoY, driven by growth in existing markets and expansion into new markets like Peru[155](index=155&type=chunk) - Sales and marketing expense as a percentage of revenue decreased from **17% to 14%** in Q2 2025, reflecting a strategy to rationalize marketing spend[157](index=157&type=chunk) - General and administrative expense decreased by **13%** in Q2 2025, primarily due to lower share-based compensation expense[158](index=158&type=chunk) [Liquidity and Capital Resources](index=41&type=section&id=Liquidity%20and%20Capital%20Resources) - The company's principal sources of liquidity are cash on hand (**$240.6 million** as of June 30, 2025) and cash flows from operations[177](index=177&type=chunk)[178](index=178&type=chunk) - Material cash requirements for the next 12 months include **$10.9 million** for marketing, **$4.3 million** for license/market access fees, and **$2.6 million** for leases[179](index=179&type=chunk) - Future obligations include payments under the Tax Receivable Agreement (TRA), which are expected to be substantial but are mostly non-current, and tax distributions to RSILP unitholders as profitability increases[180](index=180&type=chunk)[181](index=181&type=chunk) - The company believes existing cash and operating cash flow are sufficient to fund operations and capital expenditures for at least the next 12 months[182](index=182&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=43&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company is exposed to market risks including interest rates, foreign currency exchange, and inflation, but currently considers these risks not to be material to its financial condition or results of operations - The company is exposed to interest rate, foreign currency exchange, and inflation risks, but currently considers them not material[196](index=196&type=chunk) - Foreign currency exposure is mainly from the Colombian Peso, Canadian Dollar, and Mexican Peso, which collectively accounted for less than **20%** of revenue in the first half of 2025[198](index=198&type=chunk) [Item 4. Controls and Procedures](index=44&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting during the quarter - Management concluded that the company's disclosure controls and procedures were effective as of June 30, 2025[201](index=201&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that materially affected, or are reasonably likely to materially affect, the company's internal controls[202](index=202&type=chunk) [PART II. OTHER INFORMATION](index=45&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=45&type=section&id=Item%201.%20Legal%20Proceedings) The company is not a party to any material legal proceedings and is not aware of any material pending or threatened claims, with current proceedings not expected to materially affect its financial condition or results - The company states that the amount of ultimate liability from any current legal actions is unlikely to materially affect its financial condition, results of operations, or liquidity[205](index=205&type=chunk) [Item 1A. Risk Factors](index=45&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K - No material changes to the risk factors disclosed in the Annual Report have occurred[206](index=206&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=45&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company continued its stock repurchase program, authorized for up to $50 million, repurchasing 234,397 shares of Class A Common Stock for approximately $2.5 million during Q2 2025 Share Repurchases - Q2 2025 | Period | Total Shares Purchased | Average Price Paid Per Share | Approximate Dollar Value Remaining | | :--- | :--- | :--- | :--- | | April 1 - 30, 2025 | 234,397 | $10.55 | $42,366,000 | | May 1 - 31, 2025 | 0 | N/A | $42,366,000 | | June 1 - 30, 2025 | 0 | N/A | $42,366,000 | | **Total** | **234,397** | **$10.55** | **$42,366,000** | - The Board of Directors authorized a stock repurchase program of up to **$50 million** on October 24, 2024[207](index=207&type=chunk) [Item 5. Other Information](index=46&type=section&id=Item%205.%20Other%20Information) During the second quarter of 2025, Paul Wierbicki, the company's Chief Legal Officer and Director, adopted a Rule 10b5-1 trading plan for 35,000 securities, effective from August 5, 2025, to August 5, 2026 - Paul Wierbicki, Chief Legal Officer and Director, adopted a Rule 10b5-1 trading plan on May 5, 2025, for the potential sale of **35,000** securities[209](index=209&type=chunk) [Item 6. Exhibits](index=47&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including certifications from the CEO and CFO pursuant to the Sarbanes-Oxley Act of 2002 and XBRL data files - The exhibits filed with this report include CEO and CFO certifications under Sections **302** and **906** of the Sarbanes-Oxley Act[212](index=212&type=chunk) ```