* Inspired Entertainment Inc 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
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