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

Playstudios

03/11/2023 06:14

* Playstudios Inc  MYPS.OQ  reported quarterly adjusted
earnings
of 3 cents​​ per share for the quarter ended in September,
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 3 cents per share. Wall Street
expected results to range from -6 cents to -1 cents per share.
    * Revenue rose 5.2% to $75.86 million from a year ago;
analysts
expected $77.29 million. 
    * Playstudios Inc's reported EPS for the quarter was 3
cents​.
    * The company reported quarterly net income of $3.8 million.
    * Playstudios Inc shares had fallen by 8.8% this quarter and
lost 25.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.6%
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 $6.00 
This summary was machine generated from LSEG data November 3 at
06:14 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      -0.03          -0.02          Beat