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Stay Ahead of the Game With Light & Wonder (LNW) Q2 Earnings: Wall Street's Insights on Key Metrics
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Analysts on Wall Street project that Light & Wonder (LNW - Free Report) will announce quarterly earnings of $1.04 per share in its forthcoming report, representing an increase of 2% year over year. Revenues are projected to reach $805.93 million, increasing 10.3% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Light & Wonder metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Revenue- SciPlay' stands at $211.60 million. The estimate indicates a year-over-year change of +11.4%.
The combined assessment of analysts suggests that 'Revenue- Gaming' will likely reach $522.53 million. The estimate points to a change of +10.9% from the year-ago quarter.
It is projected by analysts that the 'Revenue- iGaming' will reach $78.87 million. The estimate indicates a year-over-year change of +12.7%.
Based on the collective assessment of analysts, 'AEBITDA- Gaming' should arrive at $262.66 million. The estimate is in contrast to the year-ago figure of $233 million.
Analysts expect 'AEBITDA- iGaming' to come in at $27.16 million. Compared to the present estimate, the company reported $24 million in the same quarter last year.
The consensus among analysts is that 'AEBITDA- SciPlay' will reach $65.10 million. The estimate is in contrast to the year-ago figure of $59 million.
Light & Wonder shares have witnessed a change of -1.1% in the past month, in contrast to the Zacks S&P 500 composite's -2.9% move. With a Zacks Rank #3 (Hold), LNW is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Stay Ahead of the Game With Light & Wonder (LNW) Q2 Earnings: Wall Street's Insights on Key Metrics
Analysts on Wall Street project that Light & Wonder (LNW - Free Report) will announce quarterly earnings of $1.04 per share in its forthcoming report, representing an increase of 2% year over year. Revenues are projected to reach $805.93 million, increasing 10.3% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Light & Wonder metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Revenue- SciPlay' stands at $211.60 million. The estimate indicates a year-over-year change of +11.4%.
The combined assessment of analysts suggests that 'Revenue- Gaming' will likely reach $522.53 million. The estimate points to a change of +10.9% from the year-ago quarter.
It is projected by analysts that the 'Revenue- iGaming' will reach $78.87 million. The estimate indicates a year-over-year change of +12.7%.
Based on the collective assessment of analysts, 'AEBITDA- Gaming' should arrive at $262.66 million. The estimate is in contrast to the year-ago figure of $233 million.
Analysts expect 'AEBITDA- iGaming' to come in at $27.16 million. Compared to the present estimate, the company reported $24 million in the same quarter last year.
The consensus among analysts is that 'AEBITDA- SciPlay' will reach $65.10 million. The estimate is in contrast to the year-ago figure of $59 million.
View all Key Company Metrics for Light & Wonder here>>>
Light & Wonder shares have witnessed a change of -1.1% in the past month, in contrast to the Zacks S&P 500 composite's -2.9% move. With a Zacks Rank #3 (Hold), LNW is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>