$17.97 million in sales expected for Gambling.com Group Limited (NASDAQ:GAMB) this quarter

Wall Street brokers expect Gambling.com Group Limited (NASDAQ: GAMB – Get Rating) to report $17.97 million in sales for the current quarter, Zacks reports. Three analysts have released earnings estimates for Gambling.com Group. The lowest sales estimate is $17.10 million and the highest is $18.40 million. The company is expected to release its next earnings report before the market opens on Monday, January 1.

According to Zacks, analysts expect Gambling.com Group to record annual sales of $73.70 million for the current year, with estimates ranging from $73.50 to $74.10 million. For the next fiscal year, analysts expect the company to post sales of $96.90 million, with estimates ranging from $95.59 million to $97.90 million. Zacks sales averages are an average based on a survey of analysts who track Gambling.com Group.

Gambling.com Group (NASDAQ:GAMB – Get Rating) last released its quarterly results on Thursday, March 24. The company reported earnings per share of $0.05 for the quarter, beating analysts’ consensus estimate of $0.04 by $0.01. The company posted revenue of $10.29 million in the quarter, compared to $10.28 million expected by analysts. The Gambling.com Group achieved a return on equity of 20.89% and a net margin of 29.42%.

Several hedge funds and other institutional investors have recently increased or reduced their stake in the company. Teacher Retirement System of Texas acquired a new position in the Gambling.com group during Q3 worth approximately $685,000. EAM Investors LLC acquired a new position in Gambling.com Group during Q3 for a value of approximately $959,000. EAM Global Investors LLC acquired a new position in Gambling.com Group during Q3 for a value of approximately $3,106,000. Geode Capital Management LLC acquired a new position in Gambling.com Group during Q3 for a value of approximately $125,000. Finally, Arena Capital Advisors LLC CA acquired a new position in Gambling.com Group during Q3 worth approximately $913,000. Institutional investors and hedge funds hold 25.80% of the company’s shares.

The NASDAQ GAMB opened at $8.49 on Friday. The company has a current ratio of 5.75, a quick ratio of 5.75 and a debt ratio of 0.02. Gambling.com Group has a 12-month low of $6.56 and a 12-month high of $16.97. The stock has a 50-day simple moving average of $8.31 and a 200-day simple moving average of $10.00.

About Gambling.com Group (Get an assessment)

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. The Company provides digital marketing services for 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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