Super Group Downgraded to Perform at Oppenheimer Following Q2 Results
<p>Analysts at Oppenheimer downgraded <a href='https://financialmodelingprep.com/financial-summary/SGHC'>Super Group Limited (NYSE:SGHC)</a> to perform from outperform and removed their previous $8 price target following the company’s reported Q2 results last week.</p> 
<p>The analysts highlighted the company’s reiterated full-year guidance, which came well-below Street estimates on Macro, Europe regulatory headwinds, and Canada's legal transition.</p>
<p>Q2 revenue dropped 10% year-over-year to €320.8 million, 12% below the Street estimate, as a result of online casino net gaming revenue and brand license fee income decline, partially offset by a revenue increase in sports betting net gaming. Q2 monthly average customers grew 3% year-over-year to 2.7 million.</p>

NYSE:SGHC