GAN Ltd reports results for the quarter ended in June - Earnings Summary

GAN

09/08/2024 21:28

* GAN Ltd  GAN.OQ  reported a quarterly adjusted loss of 2
cents​​
per share for the quarter ended in June, higher than the same
quarter last year, when the company reported EPS of -22 cents. 
The lone analyst forecast for the quarter was for a loss of 3
cents per share. 
    * Revenue rose 5.3% to $35.56 million from a year ago;
analysts
expected $34.75 million. 
    * GAN Ltd shares had risen by 3.7% this quarter and
lost 3.2% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20.5%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for GAN Ltd is $1.97 
This summary was machine generated from LSEG data August 9 at
08:27 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      -0.03          -0.02          Beat
 Mar. 31 2024      -0.07          -0.09          Missed
 Dec. 31 2023      -0.15          -0.21          Missed
 Sep. 30 2023      -0.20          -0.18          Beat