Research Analysts Set Expectations for Super League Enterprise, Inc.’s Q1 2024 Earnings (NASDAQ:SLE)

Super League Enterprise, Inc. (NASDAQ:SLE) – Equities researchers at Taglich Brothers upped their Q1 2024 earnings estimates for shares of Super League Enterprise in a report issued on Monday, April 15th. Taglich Brothers analyst H. Halpern now anticipates that the company will post earnings per share of ($0.96) for the quarter, up from their previous estimate of ($1.01). The consensus estimate for Super League Enterprise’s current full-year earnings is ($3.18) per share. Taglich Brothers also issued estimates for Super League Enterprise’s Q2 2024 earnings at ($0.73) EPS, Q3 2024 earnings at ($0.47) EPS, Q4 2024 earnings at ($0.15) EPS, FY2024 earnings at ($2.26) EPS and FY2025 earnings at ($1.19) EPS.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $3.00 price objective on shares of Super League Enterprise in a report on Thursday, March 28th.

Super League Enterprise Trading Down 4.8 %

NASDAQ SLE opened at $1.39 on Thursday. The company has a fifty day simple moving average of $2.07 and a 200 day simple moving average of $1.78. Super League Enterprise has a 12-month low of $0.98 and a 12-month high of $14.00. The company has a market cap of $8.32 million, a P/E ratio of -0.12 and a beta of 1.93.

Super League Enterprise (NASDAQ:SLE) last posted its quarterly earnings results on Wednesday, March 27th. The company reported ($3.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.23) by ($2.24). Super League Enterprise had a negative net margin of 120.94% and a negative return on equity of 188.40%. The business had revenue of $9.51 million during the quarter, compared to analyst estimates of $9.40 million.

Hedge Funds Weigh In On Super League Enterprise

A number of hedge funds have recently bought and sold shares of SLE. Two Sigma Securities LLC purchased a new position in Super League Enterprise during the 2nd quarter worth $30,000. Vanguard Group Inc. bought a new stake in shares of Super League Enterprise during the 3rd quarter worth $36,000. State Street Corp raised its stake in shares of Super League Enterprise by 9.3% during the 1st quarter. State Street Corp now owns 96,662 shares of the company’s stock worth $182,000 after purchasing an additional 8,198 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Super League Enterprise by 7.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 147,500 shares of the company’s stock worth $277,000 after purchasing an additional 9,760 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Super League Enterprise by 23.3% during the 1st quarter. Renaissance Technologies LLC now owns 277,780 shares of the company’s stock worth $522,000 after purchasing an additional 52,576 shares during the period. 2.06% of the stock is owned by hedge funds and other institutional investors.

About Super League Enterprise

Super League Enterprise, Inc builds and operates networks of games, monetization tools, and content channels across metaverse gaming platforms that empower developers, energize players, and entertain fans. The company's solutions provide access to an audience consisting of players in the metaverse environments, fans of various gaming influencers, and viewers of gameplay content across social media and digital video platforms.