The upcoming report from Light & Wonder (LNW) is expected to reveal quarterly earnings of $1.17 per share, indicating an increase of 25.8% compared to the year-ago period. Analysts forecast revenues of $808.58 million, representing an increase of 7% year over year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Light & Wonder metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Revenue- SciPlay' reaching $222.59 million. The estimate suggests a change of +8.1% year over year.
According to the collective judgment of analysts, 'Revenue- Gaming' should come in at $511.28 million. The estimate points to a change of +7.4% from the year-ago quarter.
The consensus estimate for 'Revenue- iGaming' stands at $81.40 million. The estimate points to a change of +10% from the year-ago quarter.
The average prediction of analysts places 'AEBITDA- Gaming' at $254.30 million. The estimate is in contrast to the year-ago figure of $232 million.
Analysts expect 'AEBITDA- iGaming' to come in at $26.78 million. Compared to the present estimate, the company reported $25 million in the same quarter last year.
It is projected by analysts that the 'AEBITDA- SciPlay' will reach $69.06 million. Compared to the present estimate, the company reported $62 million in the same quarter last year.
View all Key Company Metrics for Light & Wonder here>>>
Over the past month, shares of Light & Wonder have returned +18.3% versus the Zacks S&P 500 composite's +11.5% change. Currently, LNW carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Light & Wonder, Inc. (LNW): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
