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Compared to Estimates, Inspired Entertainment (INSE) Q2 Earnings: A Look at Key Metrics
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Inspired Entertainment (INSE - Free Report) reported $75.6 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 6%. EPS of $0.07 for the same period compares to $0.14 a year ago.
The reported revenue represents a surprise of +1.75% over the Zacks Consensus Estimate of $74.3 million. With the consensus EPS estimate being $0.11, the EPS surprise was -36.36%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Inspired Entertainment performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Gaming
: $27.10 million versus the two-analyst average estimate of $26 million. The reported number represents a year-over-year change of -14%.
Revenue- Leisure
: $27.40 million versus the two-analyst average estimate of $26.25 million. The reported number represents a year-over-year change of +3.4%.
Revenue- Interactive
: $9.40 million versus $8.25 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +27% change.
Revenue- Virtual Sports
: $11.70 million versus $13.80 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -22% change.
Adjusted EBITDA- Interactive
: $6.10 million versus $5.10 million estimated by two analysts on average.
Adjusted EBITDA- Gaming
: $10.30 million versus $10.25 million estimated by two analysts on average.
Adjusted EBITDA- Corporate
: -$6.60 million versus the two-analyst average estimate of -$7.35 million.
Adjusted EBITDA- Leisure
: $6.10 million versus the two-analyst average estimate of $4.70 million.
Adjusted EBITDA- Virtual Sports
: $9.60 million compared to the $11.65 million average estimate based on two analysts.
Shares of Inspired Entertainment have returned -11.5% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Inspired Entertainment (INSE) Q2 Earnings: A Look at Key Metrics
Inspired Entertainment (INSE - Free Report) reported $75.6 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 6%. EPS of $0.07 for the same period compares to $0.14 a year ago.
The reported revenue represents a surprise of +1.75% over the Zacks Consensus Estimate of $74.3 million. With the consensus EPS estimate being $0.11, the EPS surprise was -36.36%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Inspired Entertainment performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Inspired Entertainment here>>>Revenue- Gaming
: $27.10 million versus the two-analyst average estimate of $26 million. The reported number represents a year-over-year change of -14%.Revenue- Leisure
: $27.40 million versus the two-analyst average estimate of $26.25 million. The reported number represents a year-over-year change of +3.4%.Revenue- Interactive
: $9.40 million versus $8.25 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +27% change.Revenue- Virtual Sports
: $11.70 million versus $13.80 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -22% change.Adjusted EBITDA- Interactive
: $6.10 million versus $5.10 million estimated by two analysts on average.Adjusted EBITDA- Gaming
: $10.30 million versus $10.25 million estimated by two analysts on average.Adjusted EBITDA- Corporate
: -$6.60 million versus the two-analyst average estimate of -$7.35 million.Adjusted EBITDA- Leisure
: $6.10 million versus the two-analyst average estimate of $4.70 million.Adjusted EBITDA- Virtual Sports
: $9.60 million compared to the $11.65 million average estimate based on two analysts.Shares of Inspired Entertainment have returned -11.5% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.