GAN Ltd reports results for the quarter ended in June - Earnings Summary

Reuters08-10

* GAN Ltd reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of -22 cents. The lone analyst forecast for the quarter was for a loss of 3 cents per share.

* Revenue rose 5.3% to $35.56 million from a year ago; analysts expected $34.75 million.

* GAN Ltd shares had risen by 3.7% this quarter and lost 3.2% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had risen by about 20.5% 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the software peer group is also "hold"

Wall Street's median 12-month price target for GAN Ltd is $1.97 This summary was machine generated from LSEG data August 9 at 08:27 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 -0.03 -0.02 Beat

Mar. 31 2024 -0.07 -0.09 Missed

Dec. 31 2023 -0.15 -0.21 Missed

Sep. 30 2023 -0.20 -0.18 Beat

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