Rush Street Interactive (RSI) Reports Earnings Tomorrow: What To Expect

Online casino and sports betting company Rush Street Interactive (NYSE:RSI) will be announcing earnings results tomorrow afternoon. Here's what investors should know.

Rush Street Interactive beat analysts' revenue expectations by 8.4% last quarter, reporting revenues of $193.9 million, up 17.1% year on year. It was an incredible quarter for the company, with an impressive beat of analysts' revenue and earnings estimates.

Is Rush Street Interactive a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Rush Street Interactive's revenue to grow 21.9% year on year to $198 million, improving from the 20.3% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.02 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Rush Street Interactive has missed Wall Street's revenue estimates three times over the last two years.

Looking at Rush Street Interactive's peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Churchill Downs delivered year-on-year revenue growth of 5.6%, beating analysts' expectations by 4.4%, and Strategic Education reported revenues up 13.1%, topping estimates by 5.8%. Churchill Downs traded up 4.5% following the results while Strategic Education was also up 7.3%.

Read our full analysis of Churchill Downs's results here and Strategic Education's results here.

Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. But the beginning of 2024 has seen more volatile stock performance thanks to mixed inflation data, and while some of the consumer discretionary stocks have fared somewhat better, they have not been spared, with share prices down 6.2% on average over the last month. Rush Street Interactive is down 4.4% during the same time and is heading into earnings with an average analyst price target of $8.3 (compared to the current share price of $6.5).

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