Bragg Gaming Group Inc Up 4.21% To $5.45 After Earnings Miss

Tuesday, March 26, 2024 - Bragg Gaming Group Inc (BRAG) reported downside earnings and revenues today.

Bragg Gaming Group Inc's earnings came in at an EPS loss of $0.03 per share, 200% lower than estimates for an EPS loss of $0.01 per share. The firm's loss per share narrowed by 25% since reporting a loss of $0.04 per share a year ago.

Revenues were downbeat at $25.1 million. That represents a 1.41% decrease in revenues from the year-ago report and is 33.52% lower than consensus estimates set at $37.8 million.

The stock is up 4.21% to $5.45 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Bragg Gaming Group Inc a Bullish Sentiment Rank from InvestorsObserver.

Bragg Gaming Group Inc has performed a little above average during the past few months. Before the report, Bragg Gaming Group Inc received a Long-Term Technical Rank by InvestorsObserver of 59, putting it in the top half of stocks. The firm set a 52-week high on December 6, 2023 at $5.85 and set a 52-week low on June 6, 2023 at $2.92.

Bragg Gaming Group Inc is a next-generation gaming group developing into a global gaming force. Its main portfolio asset is ORYX Gaming, an innovative business-to-business gaming technology platform and casino content aggregator. The Company has one reportable operating segment namely B2B Online Gaming.