Analyst Estimates: Here's What Brokers Think Of Sportradar Group AG (NASDAQ:SRAD) After Its Second-Quarter Report

Shareholders might have noticed that Sportradar Group AG (NASDAQ:SRAD) filed its quarterly result this time last week. The early response was not positive, with shares down 3.0% to US$10.87 in the past week. Revenues beat expectations, coming in 5.7% ahead of forecasts, and the company broke even on a statutory earnings per share (EPS) level. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

Check out our latest analysis for Sportradar Group

Taking into account the latest results, the most recent consensus for Sportradar Group from twelve analysts is for revenues of €1.07b in 2024. If met, it would imply a modest 7.5% increase on its revenue over the past 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of €1.06b and earnings per share (EPS) of €0.11 in 2024. So we can see that while the consensus made no real change to its revenue estimates, it also no longer provides an earnings per share estimate. This suggests that revenues are what the market is focusing on after the latest results.

There's been no real change to the consensus price target of US$14.48, with Sportradar Group seemingly executing in line with expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Sportradar Group, with the most bullish analyst valuing it at US$18.10 and the most bearish at US$10.06 per share. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Sportradar Group's past performance and to peers in the same industry. We would highlight that Sportradar Group's revenue growth is expected to slow, with the forecast 15% annualised growth rate until the end of 2024 being well below the historical 23% p.a. growth over the last three years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 9.7% per year. So it's pretty clear that, while Sportradar Group's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

The Bottom Line

The clear take away from these updates is that the analysts made no change to their revenue estimates for next year, with the business apparently performing in line with their models. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at US$14.48, with the latest estimates not enough to have an impact on their price targets.

At least one of Sportradar Group's twelve analysts has provided estimates out to 2026, which can be seen for free on our platform here.

Plus, you should also learn about the 1 warning sign we've spotted with Sportradar Group .

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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.