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

Playstudios

07/05/2024 11:06

* PLAYSTUDIOS Inc  MYPS.OQ  reported quarterly breakeven
results​​
per share for the quarter ended in March, higher 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 $77.83 million from a year ago;
analysts
expected $75.89 million. 
    * PLAYSTUDIOS Inc's reported EPS for the quarter was
breakeven
results​.
    * The company reported a quarterly loss of $567 thousand.
    * PLAYSTUDIOS Inc shares had fallen by 16.2% this
quarter and
lost 14.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 705.7% 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 May 7 at 10:06
a.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      -0.02          0.00           Beat
 Dec. 31 2023      -0.02          -0.15          Missed
 Sep. 30 2023      -0.03          0.03           Beat
 Jun. 30 2023      -0.04          -0.01          Beat