Inspired Entertainment, Inc. (NASDAQ:INSE) Expected to Announce Earnings of $0.16 Per Share

Analysts expect that Inspired Entertainment, Inc. (NASDAQ:INSE) will post earnings per share (EPS) of $0.16 for the current quarter, according to Zacks. Three analysts have provided estimates for Inspired Entertainment’s earnings, with the highest EPS estimate coming in at $0.69 and the lowest estimate coming in at ($0.14). Inspired Entertainment reported earnings of $0.49 per share during the same quarter last year, which suggests a negative year over year growth rate of 67.3%. The business is expected to report its next quarterly earnings report on Thursday, March 10th.

According to Zacks, analysts expect that Inspired Entertainment will report full-year earnings of ($2.10) per share for the current financial year, with EPS estimates ranging from ($2.43) to ($1.77). For the next financial year, analysts expect that the company will post earnings of ($0.26) per share, with EPS estimates ranging from ($0.51) to $0.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Inspired Entertainment.

Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings results on Thursday, November 11th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.37. The company had revenue of $77.60 million for the quarter, compared to analyst estimates of $68.70 million. During the same quarter last year, the company earned $0.05 EPS.

A number of equities analysts recently weighed in on INSE shares. Zacks Investment Research cut shares of Inspired Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday. Roth Capital reaffirmed a “buy” rating on shares of Inspired Entertainment in a research report on Wednesday, December 15th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, Inspired Entertainment has a consensus rating of “Buy” and an average price target of $19.75.

Several large investors have recently modified their holdings of INSE. Barclays PLC boosted its holdings in Inspired Entertainment by 291.9% during the third quarter. Barclays PLC now owns 3,174 shares of the company’s stock worth $37,000 after buying an additional 2,364 shares in the last quarter. Teton Advisors Inc. raised its position in shares of Inspired Entertainment by 0.7% in the second quarter. Teton Advisors Inc. now owns 355,721 shares of the company’s stock valued at $4,535,000 after buying an additional 2,500 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of Inspired Entertainment in the third quarter valued at approximately $34,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Inspired Entertainment by 55.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,443 shares of the company’s stock valued at $227,000 after buying an additional 6,920 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in Inspired Entertainment by 61.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 18,396 shares of the company’s stock valued at $215,000 after purchasing an additional 7,031 shares during the period. 93.80% of the stock is currently owned by institutional investors and hedge funds.

Inspired Entertainment stock opened at $12.97 on Wednesday. The firm has a 50 day simple moving average of $13.04 and a 200-day simple moving average of $12.41. Inspired Entertainment has a 1-year low of $5.76 and a 1-year high of $15.81. The stock has a market cap of $303.89 million, a price-to-earnings ratio of -6.86 and a beta of 1.52.

Inspired Entertainment Company Profile

Inspired Entertainment, Inc is a global games technology company, which engages in the provision of virtual sports, mobile gaming, and server-based gaming systems. The firm operates through the Virtual Sports and Server Based Gaming segments. The Virtual Sports segment offers ultra-high-definition games that create an always-on sports wagering experience.

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Earnings History and Estimates for Inspired Entertainment (NASDAQ:INSE)

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