Scientific Games Co. (NASDAQ: SGMS) is expected to report quarterly sales of $ 776.45 million
Analysts expect Scientific Games Co. (NASDAQ: SGMS) to report $ 776.45 million in sales for the current quarter, according to Zacks investment research. Five analysts provided earnings estimates for Scientific Games, with the highest sales estimate at $ 821.20 million and the lowest estimate at $ 755.50 million. Scientific Games recorded sales of $ 539.00 million in the same quarter last year, indicating a positive year-over-year growth rate of 44.1%. The company is expected to announce its next earnings report on Thursday, July 22.
On average, analysts expect Scientific Games to report annual revenue of $ 3.16 billion for the current fiscal year, with estimates ranging from $ 3.12 billion to $ 3.22 billion. of dollars. For next year, analysts expect the company to post revenue of $ 3.57 billion, with estimates ranging from $ 3.44 billion to $ 3.69 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research companies that cover science games.
Scientific Games (NASDAQ: SGMS) last reported its quarterly results on Sunday, May 9. The tech company announced ($ 0.16) EPS for the quarter, beating the consensus estimate of ($ 0.45) by $ 0.29. The company posted revenue of $ 729.00 million for the quarter, compared to analysts’ estimates of $ 715.02 million. In the same quarter of last year, the company made EPS ($ 1.69). The company’s revenue for the quarter increased 0.6% year-over-year.
Several equity research analysts have weighed on the company recently. Jefferies Financial Group increased its price target on Scientific Games from $ 62.00 to $ 95.00 and gave the company a “buy” rating in a research report released on Wednesday, June 30. Union Gaming Research increased its price target on science games from $ 65.00 to $ 70.00 in a research report released on Tuesday, May 11. Truist increased its price target on Scientific Games from $ 68.00 to $ 90.00 and gave the company a “buy” rating in a research report on Thursday, July 1. Truist Securities raised its price target on Scientific Games from $ 68.00 to $ 90.00 and gave the company a “buy” rating in a research report released on Wednesday, June 30. Finally, Credit Suisse Group increased its price target on science games from $ 35 to $ 36.00 and gave the company an “underperformance” rating in a research report published on Tuesday, May 11. One analyst assigned a sell rating to the stock, three assigned a conservation rating, and five assigned a buy rating to the stock. Scientific Games currently has an average “Hold” rating and a consensus target price of $ 63.36.
Actions of SGMS actions open for $ 60.21 Tuesday. Scientific Games has a 12-month low of $ 14.49 and a 12-month high of $ 80.81. The company’s 50-day moving average is $ 70.61. The company has a market cap of $ 5.78 billion, a P / E ratio of -13.41 and a beta of 2.11.
A number of hedge funds have recently changed their holdings to SGMS. FIL Ltd purchased a new position in Scientific Games in the fourth quarter valued at $ 564,000. Wells Fargo & Company MN increased its stake in Scientific Games shares by 20.5% during the fourth quarter. Wells Fargo & Company MN now owns 71,458 shares of the technology company valued at $ 2,964,000 after acquiring an additional 12,160 shares during the period. Renaissance Technologies LLC purchased a new position in Scientific Games shares during the fourth quarter valued at $ 851,000. Credit Suisse AG increased its shareholding in Scientific Games by 97.9% in the fourth quarter. Credit Suisse AG now owns 92,606 shares of the technology company valued at $ 3,842,000 after acquiring an additional 45,805 shares during the period. Finally, Jefferies Group LLC increased its stake in Scientific Games shares by 6.7% during the fourth quarter. Jefferies Group LLC now owns 251,969 shares of the tech company valued at $ 10,454,000 after acquiring an additional 15,724 shares during the period. 84.98% of the shares are held by hedge funds and other institutional investors.
About science games
Scientific Games Corp. engages in the development of products and services based on technology and associated content. It operates in the following business sectors: games, lottery and SciPlay, and digital. The Gaming segment designs, develops, manufactures, markets and distributes a comprehensive portfolio of gaming products and services.
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