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Light & Wonder (LNW) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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Light & Wonder (LNW - Free Report) reported $731 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 12.8%. EPS of $0.81 for the same period compares to $0.14 a year ago.
The reported revenue represents a surprise of +2.25% over the Zacks Consensus Estimate of $714.92 million. With the consensus EPS estimate being $0.42, the EPS surprise was +92.86%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Light & Wonder performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- SciPlay: $196 million compared to the $193.15 million average estimate based on two analysts. The reported number represents a change of +14.6% year over year.
Revenue- Gaming: $465 million compared to the $460.40 million average estimate based on two analysts. The reported number represents a change of +11% year over year.
Revenue- iGaming: $70 million versus $66 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +20.7% change.
AEBITDA- Gaming: $235 million compared to the $227.80 million average estimate based on two analysts.
AEBITDA- Corporate: -$35 million compared to the -$39.75 million average estimate based on two analysts.
AEBITDA- iGaming: $25 million versus the two-analyst average estimate of $22.45 million.
AEBITDA- SciPlay: $61 million compared to the $57 million average estimate based on two analysts.
Shares of Light & Wonder have returned +9.4% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Light & Wonder (LNW) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Light & Wonder (LNW - Free Report) reported $731 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 12.8%. EPS of $0.81 for the same period compares to $0.14 a year ago.
The reported revenue represents a surprise of +2.25% over the Zacks Consensus Estimate of $714.92 million. With the consensus EPS estimate being $0.42, the EPS surprise was +92.86%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Light & Wonder performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- SciPlay: $196 million compared to the $193.15 million average estimate based on two analysts. The reported number represents a change of +14.6% year over year.
- Revenue- Gaming: $465 million compared to the $460.40 million average estimate based on two analysts. The reported number represents a change of +11% year over year.
- Revenue- iGaming: $70 million versus $66 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +20.7% change.
- AEBITDA- Gaming: $235 million compared to the $227.80 million average estimate based on two analysts.
- AEBITDA- Corporate: -$35 million compared to the -$39.75 million average estimate based on two analysts.
- AEBITDA- iGaming: $25 million versus the two-analyst average estimate of $22.45 million.
- AEBITDA- SciPlay: $61 million compared to the $57 million average estimate based on two analysts.
View all Key Company Metrics for Light & Wonder here>>>Shares of Light & Wonder have returned +9.4% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.