Super Group Plunges 15.09% on Earnings Miss

On March 26, 2025, Super Group (SGHC) experienced a significant drop of 15.09% in pre-market trading, indicating a notable shift in investor sentiment towards the company.

Super Group reported strong revenue growth in the third quarter of 2024, surpassing market expectations. However, the company's earnings per share (EPS) fell short of projections, which may have contributed to the recent stock price decline.

Despite the recent setback, Super Group has shown exceptional growth in the fourth quarter, driven by robust performance in African and Canadian markets. This growth has led some analysts to suggest that the stock may have significant upside potential, with estimates indicating a potential increase of up to 89% to $12.88 per share.

Benchmark Co. analyst Mike Hickey maintained a buy rating for Super Group, adjusting the target price from $5 to $6. This positive outlook from a reputable analyst may provide some support for the stock in the coming days.