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

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30/07/2024 14:32

* International Game Technology PLC  IGT.N  reported
quarterly
adjusted earnings of 20 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 23 cents.  The mean expectation of five analysts
for the quarter was for earnings of 32 cents per share. Wall
Street expected results to range from 28 cents to 37 cents per
share.
    * Revenue fell 0.6% to $1.05 billion from a year ago;
analysts
expected $1.06 billion. 
    * International Game Technology PLC's reported EPS for the
quarter
was 20 cents​.
    * The company reported quarterly net income of $42 million.
    * International Game Technology PLC shares had risen
by 14.6% this
quarter and lost 14.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $24.50 
This summary was machine generated from LSEG data July 30 at
01:31 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
 Jun. 30 2024      0.32           0.20           Missed
 Mar. 31 2024      0.23           0.40           Beat
 Dec. 31 2023      0.41           0.56           Beat
 Sep. 30 2023      0.39           0.46           Beat