Genius Sports Ltd (GENI) saw its shares plummet 6.13% during intraday trading on Thursday, marking a significant downturn for the sports data and technology company.
The sharp decline follows the company's fourth-quarter earnings report, which revealed a loss of 8 cents per share, missing analyst expectations for earnings of 3 cents per share. While quarterly sales of $240.5 million exceeded estimates, the company issued FY2026 sales guidance of $810-820 million, falling short of the market consensus of $851.5 million.
Multiple analysts responded to the earnings report by cutting their price targets on Genius Sports, including reductions from Truist Securities, BTIG, Needham, Oppenheimer, Wells Fargo, and Citi. The combination of the earnings miss and lowered future guidance appears to have driven the stock's substantial intraday decline.
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