Shareholders might have noticed that Rush Street Interactive, Inc. (NYSE:RSI) filed its quarterly result this time last week. The early response was not positive, with shares down 4.9% to US$11.65 in the past week. Revenues were US$262m, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at US$0.05, an impressive 82% ahead of estimates. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Rush Street Interactive after the latest results.

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Taking into account the latest results, the current consensus from Rush Street Interactive's eight analysts is for revenues of US$1.05b in 2025. This would reflect a notable 8.8% increase on its revenue over the past 12 months. Per-share earnings are expected to shoot up 74% to US$0.15. In the lead-up to this report, the analysts had been modelling revenues of US$1.05b and earnings per share (EPS) of US$0.14 in 2025. So the consensus seems to have become somewhat more optimistic on Rush Street Interactive's earnings potential following these results.

Check out our latest analysis for Rush Street Interactive

The consensus price target rose 7.6% to US$16.00, suggesting that higher earnings estimates flow through to the stock's valuation as well. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values Rush Street Interactive at US$17.00 per share, while the most bearish prices it at US$14.00. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Rush Street Interactive's past performance and to peers in the same industry. We would highlight that Rush Street Interactive's revenue growth is expected to slow, with the forecast 12% annualised growth rate until the end of 2025 being well below the historical 22% p.a. growth over the last three years. Compare this to the 161 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 9.9% per year. Factoring in the forecast slowdown in growth, it looks like Rush Street Interactive is forecast to grow at about the same rate as the wider industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Rush Street Interactive's earnings potential next year. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Rush Street Interactive analysts - going out to 2027, and you can see them free on our platform here.

Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.

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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.