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Why Super Group (SGHC) Limited (SGHC) Dipped More Than Broader Market Today
Super GroupSuper Group(US:SGHC) ZACKSยท2024-06-21 23:05

Company Performance - The company's stock has dropped by 13.98% in the past month, underperforming the Consumer Discretionary sector's gain of 0.56% and the S&P 500's gain of 3.15% [1] - In the latest trading session, Super Group (SGHC) Limited closed at $3.21, marking a -1.53% move from the previous day, which lagged the S&P 500's daily loss of 0.16% [8] Analyst Estimates - Recent changes to analyst estimates for Super Group (SGHC) Limited indicate shifting dynamics in short-term business patterns, with positive revisions reflecting analysts' confidence in the company's performance and profit potential [2] - The Zacks Consensus Estimates forecast earnings of $0.35 per share and revenue of $1.69 billion for the year, representing changes of +775% and +8.8%, respectively, compared to the previous year [5] - The Zacks Consensus EPS estimate remained stagnant over the past month, and Super Group (SGHC) Limited currently holds a Zacks Rank of 2 (Buy) [6] Valuation Metrics - Super Group (SGHC) Limited has a Forward P/E ratio of 9.31, which is lower than the industry average Forward P/E of 15.47, suggesting that the company is trading at a discount comparatively [3] Earnings Projections - The company is projected to report earnings of $0.11 per share in its upcoming release, indicating year-over-year growth of 57.14%, with a revenue estimate of $436.89 million, reflecting a 5.4% rise from the equivalent quarter last year [9] Industry Context - The Gaming industry, part of the Consumer Discretionary sector, currently has a Zacks Industry Rank of 82, placing it in the top 33% of all 250+ industries [11]