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IGT (IGT) Reports Q2 Earnings: What Key Metrics Have to Say
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International Game Technology (IGT - Free Report) reported $1.05 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 0.6%. EPS of $0.36 for the same period compares to $0.45 a year ago.
The reported revenue represents a surprise of -0.74% over the Zacks Consensus Estimate of $1.06 billion. With the consensus EPS estimate being $0.29, the EPS surprise was +24.14%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how IGT performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Global Lottery: $613 million versus $619.67 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.8% change.
Revenue- Gaming & Digital: $436 million versus the two-analyst average estimate of $431.50 million.
Adjusted EBITDA- Global Lottery: $311 million versus $320.33 million estimated by four analysts on average.
Adjusted EBITDA- Corporate support expense: -$43 million versus the four-analyst average estimate of -$39.28 million.
Adjusted EBITDA - Gaming & Digital: $151 million compared to the $135.63 million average estimate based on three analysts.
Shares of IGT have returned +17.3% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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IGT (IGT) Reports Q2 Earnings: What Key Metrics Have to Say
International Game Technology (IGT - Free Report) reported $1.05 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 0.6%. EPS of $0.36 for the same period compares to $0.45 a year ago.
The reported revenue represents a surprise of -0.74% over the Zacks Consensus Estimate of $1.06 billion. With the consensus EPS estimate being $0.29, the EPS surprise was +24.14%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how IGT performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Global Lottery: $613 million versus $619.67 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.8% change.
- Revenue- Gaming & Digital: $436 million versus the two-analyst average estimate of $431.50 million.
- Adjusted EBITDA- Global Lottery: $311 million versus $320.33 million estimated by four analysts on average.
- Adjusted EBITDA- Corporate support expense: -$43 million versus the four-analyst average estimate of -$39.28 million.
- Adjusted EBITDA - Gaming & Digital: $151 million compared to the $135.63 million average estimate based on three analysts.
View all Key Company Metrics for IGT here>>>Shares of IGT have returned +17.3% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.