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Genius Sports Analysts Slash Their Forecasts After Q4 Results
Benzinga· 2026-03-05 11:44
Core Viewpoint - Genius Sports Ltd reported mixed financial results for the fourth quarter, with a loss per share that significantly missed market expectations while sales exceeded analyst estimates [1]. Financial Performance - The company reported a quarterly loss of 8 cents per share, compared to market estimates of earnings of 3 cents per share [1]. - Quarterly sales reached $240.496 million, surpassing the analyst consensus estimate of $234.255 million [1]. Future Outlook - For FY2026, Genius Sports projects sales between $810 million and $820 million, which is below market estimates of $851.474 million [1]. Stock Performance - Following the earnings announcement, Genius Sports shares increased by 0.5% to $6.07 in pre-market trading [2]. Analyst Ratings and Price Targets - Truist Securities analyst Barry Jonas maintained a Buy rating on Genius Sports but lowered the price target from $15 to $13 [3]. - BTIG analyst Clark Lampen also maintained a Buy rating, reducing the price target from $16 to $11 [3]. - Needham analyst Bernie McTernan kept a Buy rating while lowering the price target from $16 to $14 [3].