Earnings Estimates Moving Higher for Rush Street Interactive (RSI): Time to Buy?

Core Viewpoint - Rush Street Interactive, Inc. (RSI) shows a significantly improving earnings outlook, making it a solid investment choice as analysts continue to raise earnings estimates for the company [1][2] Earnings Estimate Revisions - Analysts' optimism regarding RSI's earnings prospects is leading to higher estimates, which is expected to positively impact the stock price [2] - The Zacks Rank system indicates a strong correlation between earnings estimate revisions and stock price movements, with RSI benefiting from this trend [2][3] Current Quarter and Year Estimates - For the current quarter, RSI is expected to earn $0.10 per share, reflecting a year-over-year increase of +42.9%, with a 7.69% rise in the Zacks Consensus Estimate over the last 30 days [6] - For the full year, the expected earnings are $0.41 per share, representing a year-over-year change of +115.8%, with a 23.91% increase in the consensus estimate during the same period [7][8] Zacks Rank and Investment Potential - RSI currently holds a Zacks Rank 2 (Buy), indicating strong agreement among analysts in revising earnings estimates upward, which historically leads to outperformance compared to the S&P 500 [9] - The stock has increased by 5.5% over the past four weeks due to favorable estimate revisions, suggesting further upside potential [10]