Can Rush Street Interactive (RSI) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Rush Street Interactive, Inc. (RSI) shows potential as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook and potential for continued stock price appreciation [1][2]. Earnings Estimate Revisions - Analysts have become increasingly optimistic about Rush Street Interactive's earnings prospects, leading to higher earnings estimates that are expected to positively influence the stock price [2]. - For the current quarter, the company is projected to earn $0.07 per share, reflecting a year-over-year increase of 40.0%. Over the past 30 days, one estimate has been revised upward, resulting in an 8.33% increase in the Zacks Consensus Estimate [6]. - For the full year, the earnings estimate is $0.35 per share, representing a year-over-year change of 84.2%. The consensus estimate has increased by 21.57% due to one upward revision and no negative revisions in the past month [7][8]. Zacks Rank and Performance - Rush Street Interactive currently holds a Zacks Rank 2 (Buy), indicating favorable conditions for investment based on promising estimate revisions. The Zacks Rank system has a strong track record of identifying outperforming stocks [9]. - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500, suggesting that Rush Street Interactive may continue to perform well in the market [9]. Recent Stock Performance - Over the past four weeks, Rush Street Interactive shares have increased by 37.8%, indicating strong investor confidence driven by positive earnings estimate revisions [10].