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

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14/05/2024 14:52

* International Game Technology PLC  IGT.N  reported
quarterly
adjusted earnings of 40 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 11 cents.  The mean expectation of
five analysts for the quarter was for earnings of 23 cents per
share. Wall Street expected results to range from 20 cents to 28
cents per share.
    * Revenue rose 0.7% to $1.07 billion from a year ago;
analysts
expected $1.03 billion. 
    * International Game Technology PLC's reported EPS for the
quarter
was 40 cents​.
    * The company reported quarterly net income of $82 million.
    * International Game Technology PLC shares had fallen
by 11.4%
this quarter and lost 27.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 47.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the casinos &
gaming
peer group is  "hold."

Wall Street's median 12-month price target for International
Game Technology PLC is $26.00 
This summary was machine generated from LSEG data May 14 at
01:52 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
 Mar. 31 2024      0.23           0.40           Beat
 Dec. 31 2023      0.41           0.56           Beat
 Sep. 30 2023      0.39           0.46           Beat
 Jun. 30 2023      0.35           0.23           Missed