Inspired Entertainment Inc reports results for the quarter ended in June - Earnings Summary

Inspired Entertainment

08/08/2024 14:32

* Inspired Entertainment Inc  INSE.OQ  reported quarterly
adjusted
earnings of 7 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 14 cents.  The mean expectation of five analysts for the
quarter was for earnings of 11 cents per share. Wall Street
expected results to range from 2 cents to 19 cents per share.
    * Revenue fell 6% to $75.60 million from a year ago;
analysts
expected $74.41 million. 
    * Inspired Entertainment Inc's reported EPS for the quarter
was 7
cents​.
    * The company reported quarterly net income of $2 million.
    * Inspired Entertainment Inc shares had fallen by 14.0% this
quarter and lost 20.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 41.1%
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 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Inspired
Entertainment Inc is $14.00 
This summary was machine generated from LSEG data August 8 at
01:32 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      0.11           0.07           Missed
 Mar. 31 2024      0.02           -0.20          Missed
 Dec. 31 2023      0.13           0.00           Missed
 Sep. 30 2023      0.38           0.12           Missed