 Forecasted to Earn Q3 2022 Earnings of ($0.07) Per Share ){kind=link}
fortnite beat.com
¡da el salto a la temporada 3 y contágiate de la buena onda! The beta version of our refer a friend program is starting! Juega fortnite con xbox cloud gaming (beta).
- 3 Stocks Under $10 With Two-Bagger Potential
Enthusiast Gaming Holdings Inc. (NASDAQ:EGLX - Get Rating) - Stock analysts at B. Riley dropped their Q3 2022 EPS estimates for Enthusiast Gaming in a research report issued on Tuesday, August 16th. B. Riley analyst M. Crawford now forecasts that the company will post earnings per share of ($0.07) for the quarter, down from their previous estimate of ($0.06). The consensus estimate for Enthusiast Gaming's current full-year earnings is ($0.26) per share. B. Riley also issued estimates for Enthusiast Gaming's FY2022 earnings at ($0.23) EPS, FY2023 earnings at ($0.16) EPS and FY2024 earnings at ($0.02) EPS.
A number of other equities analysts also recently weighed in on the company. HC Wainwright lowered their price target on Enthusiast Gaming from $8.00 to $6.00 and set a "buy" rating on the stock in a research report on Tuesday. Royal Bank of Canada lifted their target price on Enthusiast Gaming from C$7.00 to C$8.00 in a research note on Tuesday, May 17th.
Enthusiast Gaming Stock Down 1.5 %
Shares of EGLX stock opened at $1.68 on Thursday. Enthusiast Gaming has a 52-week low of $1.55 and a 52-week high of $5.07. The firm's 50-day moving average is $1.93 and its 200-day moving average is $2.28. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.04.
Ad Investing Trends
Is the US Military Secretly Under Chinese Control?
Alarmingly, the answer may be "yes". Communist China now controls 80% of the lithium that powers most US military vehicles and equipment. The threat level is so high that the White House recently declared a state of emergency on lithium...
Enthusiast Gaming (NASDAQ:EGLX - Get Rating) last announced its quarterly earnings data on Monday, May 16th. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.13) by $0.07. The company had revenue of $37.24 million during the quarter, compared to the consensus estimate of $44.53 million. Enthusiast Gaming had a negative net margin of 26.78% and a negative return on equity of 19.89%.
Institutional Investors Weigh In On Enthusiast Gaming
Several hedge funds have recently bought and sold shares of EGLX. Advisor Group Holdings Inc. grew its position in shares of Enthusiast Gaming by 48.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 20,780 shares of the company's stock valued at $61,000 after purchasing an additional 6,800 shares during the last quarter. National Bank of Canada FI grew its holdings in Enthusiast Gaming by 30.7% in the 1st quarter. National Bank of Canada FI now owns 34,050 shares of the company's stock valued at $77,000 after buying an additional 8,000 shares in the last quarter. Platform Technology Partners bought a new position in Enthusiast Gaming during the 1st quarter worth $28,000. Mackenzie Financial Corp lifted its holdings in shares of Enthusiast Gaming by 52.7% during the first quarter. Mackenzie Financial Corp now owns 40,634 shares of the company's stock worth $98,000 after buying an additional 14,021 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Enthusiast Gaming by 3.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 431,906 shares of the company's stock valued at $1,045,000 after acquiring an additional 14,831 shares during the period. 19.05% of the stock is currently owned by institutional investors and hedge funds.
Enthusiast Gaming Company Profile
(Get Rating)
Enthusiast Gaming Holdings Inc engages in the media, content, entertainment, and esports businesses the United States, Canada, and internationally. The company operates an online network of approximately 100 gaming related websites; owns and operates Enthusiast Gaming Live Expo, a video-gaming expo; provides management and support services to players involved in professional gaming; owns and manages esports teams for various games comprising Call of Duty, Madden NFL, Fortnite, Overwatch, Super Smash Bros., Rocket League, and Valorant; and produces and programs approximately 30 weekly shows across AVOD and OTT channels, and represents approximately 500 gaming influencers on YouTube and Twitch.
See Also
- Get a free copy of the StockNews.com research report on Enthusiast Gaming (EGLX)
- Which Semiconductor Stocks Are Ready For Big Price Moves?
- Miners Advance On Earnings Despite Broader Economic Challenges
- Lowe’s Stands Out Amid Q2 Retail Reports
- Agilent Technologies Proves Its Worth VS Illumina
- Target’s Results Cap Upside Potential For Retail Stocks
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should you invest $1,000 in Enthusiast Gaming right now?
Before you consider Enthusiast Gaming, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enthusiast Gaming wasn't on the list.
While Enthusiast Gaming currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here