Pre-earnings brief
Reports
Wed, Oct 28, 2026
Est. EPS
—
Est. revenue
—
Implied move
±14.6%
EPS beat rate
100%
Rush Street Interactive, Inc. (RSI) operates in the consumer discretionary sector, focusing on online gaming and casinos. As a player in the growing digital gambling market, RSI's performance is influenced by consumer spending trends and regulatory developments in the gaming industry.
Last quarter
In Q2-2026, Rush Street Interactive reported an EPS of $0.15, exceeding expectations by 25%. The stock saw a modest increase of 0.26% the following day, reflecting a positive market reaction.
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+84.06%
Avg 1-day reaction
+0.93%
Overall, investors are cautiously optimistic about RSI's upcoming earnings report, given its history of beating EPS estimates. However, the lack of revenue guidance raises some concerns.
Bull case
If RSI continues its trend of beating EPS estimates, it could indicate strong operational performance and effective cost management, leading to a positive stock reaction.
Bear case
On the other hand, if the company fails to provide revenue guidance or shows signs of slowing growth, it could lead to a negative market reaction, especially given the high implied volatility.
The print will turn on these.
Q1
What will be the EPS for Q3-2026?
Given the company's strong track record of beating EPS estimates, this figure will be crucial for investor confidence.
Q2
How is RSI managing customer acquisition costs?
Understanding the efficiency of marketing efforts will be vital for assessing future growth potential.
—
Est. EPS
—
Est. Rev
—
Impl. Move
±10.3%
Why consensus could be wrong
The Street may be underestimating the impact of customer acquisition costs on profitability, which could be higher than anticipated given recent marketing efforts.
Supporting evidence
The options market is pricing a significant move, indicating uncertainty that may not be reflected in current consensus estimates.
RSI's history of beating EPS estimates suggests that the company may have more operational strength than the market expects.
Key risk
If customer acquisition costs are revealed to be significantly higher than expected, it could undermine the positive earnings narrative.
Pre-commit to what would confirm each case.
The market is debating whether RSI can maintain its growth trajectory in a competitive online gaming landscape.
Bull confirmed if
Earnings per share exceeding $0.15 would confirm the bull case.
Bear confirmed if
Earnings per share below $0.12 would confirm the bear case.
What the market is pricing for the move.
Implied Move
±14.64%
Historical Avg
±2.4%
The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.
Options are pricing ±14.6% while RSI has averaged ±2.4% over the last 8 prints — setup is pricing rich.
ATM IV
0.5%
30d HV
43.5%
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$29,025.00
1,500 sh
1 insider
Sold
$4.0M
201,332 sh
3 insiders
Net
$4.0M
Net selling
Most Active Insiders· 6 open-market trades
$3.1M
Net selling
Smart-money positioning from the most recent 13F filings.
Institutional
110.73%
of float
Insider
2.62%
of float
Holders
404
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
15,078,522 sh · $305.2M
13.04%
81.1%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If RSI beats expectations, history suggests a potential stock increase of around 0.93%, confirming strong operational performance.
In line / cautious
If results are in line with expectations, the stock may react moderately, reflecting cautious optimism from investors.
Miss
A miss on earnings could lead to a decline, with historical patterns suggesting a potential drop of around 1.15%.
The lines on the call that would change the story.
$467,130.00
Net selling
$397,498.00
Net selling
$29,025.00
Net buying
Recent Transactions
Oct 1, 2026 · @ $19.88
55,555 sh
$1.1M
Oct 1, 2026 · @ $19.88
55,555 sh
$1.1M
Oct 1, 2026 · @ $19.88
47,222 sh
$938,631.69
Oct 5, 2026 · @ $20.31
23,000 sh
$467,130.00
Oct 1, 2026 · @ $19.87
20,000 sh
$397,498.00
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.
Vanguard Portfolio Management LLC
5,609,148 sh · $113.5M
4.85%
27.9%
Divisadero Street Capital Management, LP
5,425,402 sh · $109.8M
4.69%
-15.6%
Ameriprise Financial, Inc.
5,014,887 sh · $101.5M
4.34%
15.3%
Hood River Capital Management LLC
4,454,433 sh · $90.2M
3.85%
22.0%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.