Playstudios Inc reports results for the quarter ended in December - Earnings Summary

Playstudios

11/03/2024 21:48

* Playstudios Inc  MYPS.OQ  reported a quarterly adjusted
loss
of 15 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of -2 cents.  The mean expectation of six analysts for the
quarter was for a loss of 2 cents per share. Wall Street
expected results to range from -4 cents to -1 cents per share.
    * Revenue fell 2.9% to $77.11 million from a year ago;
analysts
expected $75.31 million. 
    * Playstudios Inc's reported EPS for the quarter was a loss
of 15
cents​.
    * The company reported a quarterly loss of $19.86 million.
    * Playstudios Inc shares had fallen by 21.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.8%
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 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Playstudios Inc
is $5.00 
This summary was machine generated from LSEG data March 11 at
09:48 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
 Dec. 31 2023      -0.02          -0.15          Missed
 Sep. 30 2023      -0.03          0.03           Beat
 Jun. 30 2023      -0.04          -0.01          Beat
 Mar. 31 2023      -0.02          -0.02          Met