FY2022 Earnings Forecast for Gambling.com Group Limited Issued By Jefferies Financial Group (NASDAQ:GAMB)

Gambling.com Group Limited (NASDAQ:GAMBGet Rating) – Equities research analysts at Jefferies Financial Group lifted their FY2022 earnings per share estimates for shares of Gambling.com Group in a note issued to investors on Sunday, November 20th. Jefferies Financial Group analyst D. Katz now expects that the company will post earnings of $0.25 per share for the year, up from their previous estimate of $0.23. The consensus estimate for Gambling.com Group’s current full-year earnings is $0.25 per share. Jefferies Financial Group also issued estimates for Gambling.com Group’s Q4 2022 earnings at $0.07 EPS, Q1 2023 earnings at $0.21 EPS, Q3 2023 earnings at $0.17 EPS, Q4 2023 earnings at $0.13 EPS and FY2023 earnings at $0.57 EPS.

Gambling.com Group (NASDAQ:GAMBGet Rating) last released its quarterly earnings results on Monday, August 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. The firm had revenue of $15.92 million during the quarter, compared to analyst estimates of $15.16 million. Gambling.com Group had a return on equity of 17.56% and a net margin of 11.72%.

GAMB has been the topic of several other reports. Stifel Nicolaus upped their target price on Gambling.com Group from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, November 18th. Truist Financial upped their target price on Gambling.com Group from $10.50 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, October 25th.

Gambling.com Group Trading Down 2.2 %

Shares of NASDAQ:GAMB opened at $9.91 on Wednesday. The business’s 50-day moving average is $8.04 and its 200 day moving average is $8.13. Gambling.com Group has a 1 year low of $6.62 and a 1 year high of $12.96. The firm has a market capitalization of $335.06 million, a P/E ratio of 49.55 and a beta of 1.54. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.33.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. UBS Group AG increased its holdings in shares of Gambling.com Group by 348.6% in the third quarter. UBS Group AG now owns 3,472 shares of the company’s stock valued at $27,000 after purchasing an additional 2,698 shares during the period. American International Group Inc. purchased a new stake in shares of Gambling.com Group in the second quarter worth about $32,000. JPMorgan Chase & Co. purchased a new stake in shares of Gambling.com Group in the second quarter worth about $37,000. First Manhattan Co. purchased a new stake in shares of Gambling.com Group in the first quarter worth about $39,000. Finally, Strs Ohio purchased a new stake in shares of Gambling.com Group in the third quarter worth about $60,000. 9.76% of the stock is owned by institutional investors and hedge funds.

About Gambling.com Group

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Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. The company provides digital marketing services for the iGaming and sports betting. It publishes various branded websites, including Gambling.com and Bookies.com. Gambling.com Group Limited was incorporated in 2006 and is based in St.

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Earnings History and Estimates for Gambling.com Group (NASDAQ:GAMB)

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