Rush Street Interactive Set to Announce Strong Q4 Earnings
Rush Street Interactive's stock rose by 5.12% as the RSI crossed above the 5-day SMA, reflecting positive momentum ahead of its upcoming earnings report.
The company is set to announce its Q4 2023 earnings on February 17, with a consensus EPS estimate of $0.11, indicating a 57.1% year-over-year increase. Analysts project revenue to reach $305.6 million, representing a 20.2% year-over-year growth, which underscores the company's robust market performance and sustained customer demand. This positive outlook is supported by historical performance, as RSI has consistently beaten both EPS and revenue estimates over the past two years, reinforcing market trust in the company.
The anticipation of strong earnings is likely to boost investor confidence, especially given the recent upward revisions in EPS and revenue estimates. However, the recent sale of shares by CEO Richard Todd Schwartz may raise some concerns about insider sentiment ahead of the earnings announcement.
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- Market Observation: There are indications that software stocks have reached a bottom in their decline.
- Investor Sentiment: The current situation is drawing significant attention from investors and analysts in the software sector.
Market Cycles: Markets operate in cycles, indicating that trends and leadership positions are temporary.
Leadership Rotation: Leadership within markets rotates, consolidates, and eventually reemerges over time.
Stock Performance: Rush Street Interactive shares increased by 7% following a positive earnings report.
Revenue Results: The company's Q4 revenue exceeded analysts' expectations, contributing to the stock surge.
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- Rush Street Interactive Upgrade: Citizens upgrades Rush Street Interactive to market outperform, citing its durable business model in online gaming, which indicates strong growth potential driven by favorable market conditions.
- Optimistic Outlook for Nvidia: Wells Fargo reiterates Nvidia as overweight, advising investors to buy ahead of next week's earnings report, anticipating strong demand and GPU spending dominance to drive stock price increases.
- Analyst Optimism: Jefferies analyst David Katz raised the price target for Rush Street Interactive by $1 to $30, indicating strong bullish sentiment with a projected 77% upside, reflecting market confidence in the company's future growth.
- Earnings Beat: Rush Street reported a fourth-quarter revenue beat and provided robust full-year earnings guidance, showcasing its competitive edge in the digital gaming sector and reinforcing its status as an 'easy-to-own' investment choice.
- Revenue Growth Expectations: Katz anticipates continued revenue growth at a mid-high teens rate, with a solid flow-through of over 1.5X despite rising G&A costs, demonstrating resilience in profitability.
- Market Opportunity Analysis: The company shows significant growth potential in the LATAM market, particularly in Mexico, with a 100% year-over-year growth rate for three consecutive quarters, indicating a promising outlook despite its modest current business share.
- Earnings Surprise: Pitney Bowes reported an adjusted EPS of 45 cents for Q4, surpassing the analyst consensus of 38 cents, indicating strong profitability and boosting investor confidence.
- Sales Miss: The quarterly sales of $478 million fell short of the expected $486.68 million, highlighting some market demand challenges that could impact future revenue growth.
- Stock Surge: The company's shares jumped 7.9% to $11.05 in pre-market trading, reflecting optimistic market sentiment regarding its future prospects and potentially attracting more investor interest.
- Positive Guidance: Pitney Bowes issued FY26 adjusted EPS guidance with a midpoint above estimates, further strengthening market confidence in its long-term growth potential.










