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Casino Name Sets Up After Rocketing 53%
Investors· 2026-03-10 17:01
Core Viewpoint - Rush Street Interactive (RSI) has shown resilience in the stock market amidst geopolitical tensions, with its stock price recently breaking out of a double-bottom base and entering a buy zone, indicating potential for further gains [1] Company Performance - Rush Street Interactive operates the BetRivers casino app and has reported steady earnings and sales growth over the past eight quarters, although profit growth has slowed in the last four quarters [1] - Fourth-quarter earnings increased by 14% to $0.08 per share, missing analysts' expectations of $0.10, while sales rose by 28% to $325 million, exceeding forecasts of $306 million [1] - Monthly active users grew by 37% in the U.S. and Canada to over 278,000, and in Latin America, the user base increased by 47% to over 493,000 [1] Future Outlook - For 2026, the company projects sales of $1.4 billion, representing a 23% growth from 2025, with analysts estimating earnings of $0.54 per share, indicating a 46% increase [1] - For 2027, earnings are expected to reach $0.73 per share, reflecting a 36% growth [1] Stock Performance - Shares of Rush Street Interactive surged by 53% in 2025 and have gained over 5% year-to-date as of the latest session [1] - The stock's Relative Strength Rating is at 90, placing it among the top 9% of stocks in the Investor's Business Daily database over the past 52 weeks [1] - Institutional ownership stands at 60% of outstanding shares, with mutual funds being net buyers over the past 13 weeks, as indicated by an Accumulation/Distribution Rating of B+ [1] Industry Position - Rush Street Interactive ranks first in the leisure-gaming and equipment group, which is positioned 167th among IBD's 197 industry groups [1]