International Game Technology PLC reports results for the quarter - Earnings Summary

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13/11/2024 14:24

* International Game Technology PLC  IGT.N  reported
quarterly
adjusted earnings of 4 cents​​ per share for the quarter , lower
than the same quarter last year, when the company reported EPS
of 46 cents.  The mean expectation of five analysts for the
quarter was for earnings of 21 cents per share. Wall Street
expected results to range from 11 cents to 35 cents per share.
    * Revenue fell 44.9% to $587.00 million from a year ago;
analysts
expected $591.50 million. 
    * International Game Technology PLC's reported EPS for the
quarter
was 4 cents​.
    * The company reported quarterly net income of $7 million.
    * International Game Technology PLC shares had fallen
by 1.5% this
quarter and lost 23.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 30.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the casinos &
gaming
peer group is also "buy"

Wall Street's median 12-month price target for International
Game Technology PLC is 26.00 
This summary was machine generated from LSEG data November 13 at
02:24 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.21           0.04           Missed
 Jun. 30 2024      0.32           0.20           Missed
 Mar. 31 2024      0.23           0.40           Beat
 Dec. 31 2023      0.41           0.56           Beat