Motorsport Games (NASDAQ:MSGM) Releases Earnings Results, Misses Estimates By $0.41 EPS

Motorsport Games (NASDAQ:MSGM) issued its quarterly earnings results on Thursday. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.41), Zacks reports. The business had revenue of $1.97 million for the quarter, compared to analyst estimates of $3.30 million. Motorsport Games had a net margin of 52.74% and a return on equity of 215.50%. During the same period last year, the business posted $0.97 earnings per share.

Motorsport Games Stock Performance

Shares of MSGM opened at $1.21 on Friday. The firm has a market capitalization of $4.57 million, a price-to-earnings ratio of 0.75 and a beta of 2.06. Motorsport Games has a one year low of $1.01 and a one year high of $4.16. The stock’s fifty day moving average is $1.30 and its 200-day moving average is $1.29.

About Motorsport Games

Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.