Playstudios Inc Reports Results For The Quarter Ended In June: Earnings Summary

Playstudios

05/08/2024 23:39

* PLAYSTUDIOS Inc  MYPS.OQ  reported a quarterly adjusted
loss
of 2 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of -1
cents.  The mean expectation of six analysts for the quarter was
for a loss of one cent per share. Wall Street expected
results to range from -6 cents tozero cents per share.
    * Revenue fell 6.7% to $72.59 million from a year ago;
analysts
expected $74.56 million. 
    * PLAYSTUDIOS Inc's reported EPS for the quarter was a loss
of 2
cents​.
    * The company reported a quarterly loss of $2.61 million.
    * PLAYSTUDIOS Inc shares had risen by 1.4% this quarter and
lost 22.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 59.5%
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 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 $4.50 
This summary was machine generated from LSEG data August 5 at
10:39 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      -0.01          -0.02          Missed
 Mar. 31 2024      -0.02          0.00           Beat
 Dec. 31 2023      -0.02          -0.15          Missed
 Sep. 30 2023      -0.03          0.03           Beat