International Game Technology PLC expected to post earnings of 23 cents a share - Earnings Preview

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10/05/2024 13:58

* International Game Technology PLC  IGT.N   IGT  is
expected
to show a fall in quarterly revenue when it reports  results on
May 14 for the period ending March 31 2024
    * The London United Kingdom-based   company is expected to
report
a 2.9% decrease in revenue to $1.029 billion from $1.06 billion
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on March 12 2024, for
the period ended March 31, was for revenue of $1.000
billion. (Sales/Revenue Basis is on Total Revenue)
    * ​LSEG's mean analyst estimate for International Game
Technology
PLC is for earnings of 23 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for
International
Game Technology PLC is $26.00​, above​ its last closing price
of $20.10. ​​​

The company's guidance on March 12 2024 for the period ended
March 31 was for Earnings before Interest and Taxes of USD200
million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.34        0.41       0.56      Beat    35.5
 Jan. 1 2023   0.40        0.39       0.46      Beat    17.9
 Jun. 30 2023  0.35        0.35       0.23      Missed  -33.3​
 Jan. 1 0001   0.38        0.38       0.11      Missed  -71.4
 ​​Jan.        0.30        0.29       -0.32     Missed  -211.7
 1 0001                                                 
 Sep. 30 2022  0.31        0.31       0.43      Beat    38.9​
 Jun. 30 2022  0.30        0.30       0.54      Beat    81.2
 Jan. 1 0001   0.35        0.33       0.96      Beat    194.7
 This summary was machine generated May 10 at 12:58 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)