Stock Analysis
- Canada
- /
- Hospitality
- /
- TSXV:RVLY
Rivalry First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Rivalry (CVE:RVLY) First Quarter 2024 Results
Key Financial Results
- Revenue: CA$4.51m (down 62% from 1Q 2023).
- Net loss: CA$5.20m (loss widened by 60% from 1Q 2023).
- CA$0.08 loss per share (further deteriorated from CA$0.054 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Rivalry EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 40%. Earnings per share (EPS) exceeded analyst estimates by 20%.
Looking ahead, revenue is forecast to grow 70% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Hospitality industry in Canada.
Performance of the Canadian Hospitality industry.
The company's shares are down 7.5% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Rivalry has 4 warning signs (and 2 which are concerning) we think you should know about.
New: AI Stock Screener & Alerts
Our new AI Stock Screener scans the market every day to uncover opportunities.
• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies
Or build your own from over 50 metrics.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSXV:RVLY
Rivalry
Through its subsidiaries, operates as a sport betting and media property that offers regulated online wagering on esports, sports, and casino for bettors.