Brokerages Expect NeoGames S.A. (NASDAQ:NGMS) to Announce $0.08 EPS

Analysts expect that NeoGames S.A. (NASDAQ:NGMS) will post earnings of $0.08 per share for the current quarter, according to Zacks. Two analysts have provided estimates for NeoGames’ earnings. The business is scheduled to issue its next earnings report on Wednesday, November 10th.

On average, analysts expect that NeoGames will report full-year earnings of $0.43 per share for the current fiscal year, with EPS estimates ranging from $0.42 to $0.43. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.87 per share, with EPS estimates ranging from $0.73 to $1.01. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for NeoGames.

NeoGames (NASDAQ:NGMS) last posted its quarterly earnings results on Wednesday, August 11th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). The company had revenue of $12.89 million during the quarter, compared to analyst estimates of $12.65 million.

Separately, Zacks Investment Research raised NeoGames from a “sell” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, NeoGames currently has an average rating of “Buy” and an average target price of $44.40.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board purchased a new position in NeoGames in the 1st quarter worth approximately $1,073,000. Alpha Paradigm Partners LLC increased its stake in shares of NeoGames by 29.6% during the second quarter. Alpha Paradigm Partners LLC now owns 25,792 shares of the company’s stock valued at $1,585,000 after buying an additional 5,892 shares during the period. Rhumbline Advisers purchased a new position in shares of NeoGames during the second quarter valued at approximately $211,000. EAM Investors LLC increased its stake in shares of NeoGames by 27.8% during the second quarter. EAM Investors LLC now owns 52,999 shares of the company’s stock valued at $3,258,000 after buying an additional 11,540 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of NeoGames during the first quarter valued at approximately $227,000. 25.63% of the stock is currently owned by institutional investors.

NGMS stock traded up $2.71 during mid-day trading on Friday, reaching $40.63. The company had a trading volume of 3,551 shares, compared to its average volume of 170,697. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.40 and a quick ratio of 2.40. The stock has a 50 day simple moving average of $40.64 and a two-hundred day simple moving average of $48.05. The company has a market capitalization of $893.70 million and a price-to-earnings ratio of 103.59. NeoGames has a 52 week low of $18.67 and a 52 week high of $73.54.

NeoGames Company Profile

NeoGames SA provides a suite of iLottery technology solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of draw based games and instant tickets through personal computers, smartphones, and handheld devices.

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Earnings History and Estimates for NeoGames (NASDAQ:NGMS)

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