Golden Matrix Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Golden Matrix Group Inc GMGI.OQ reported a quarterly adjusted loss of 3 cents​​ per share for the quarter ended June 30. The mean expectation of two analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -1 cents tozero cents per share.

• Revenue was $43.25 million​; analysts expected $44.81 million.

• Golden Matrix Group Inc's reported EPS for the quarter was a loss of 3 cents​.

• The company reported a quarterly loss of $3.58 million.

• Golden Matrix Group Inc shares had fallen by 17.6% this quarter and lost 29.3% so far this year.

FORECAST CHANGES

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Golden Matrix Group Inc is $3.50, about 60% above its last closing price of $1.40

This summary was machine generated from LSEG data August 11 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)