Analysts predict that Inspired Entertainment Inc (NASDAQ:INSE) will announce earnings of ($0.40) per share for the current quarter, according to Zacks. Two analysts have made estimates for Inspired Entertainment’s earnings. The highest EPS estimate is ($0.27) and the lowest is ($0.52). Inspired Entertainment posted earnings per share of ($0.23) in the same quarter last year, which indicates a negative year-over-year growth rate of 73.9%. The business is scheduled to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Inspired Entertainment will report full year earnings of ($1.51) per share for the current year, with EPS estimates ranging from ($1.63) to ($1.38). For the next financial year, analysts expect that the business will report earnings of ($0.88) per share, with EPS estimates ranging from ($1.47) to ($0.28). Zacks’ EPS calculations are an average based on a survey of research analysts that follow Inspired Entertainment.
Inspired Entertainment (NASDAQ:INSE) last posted its earnings results on Tuesday, November 12th. The company reported ($0.38) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.12). The company had revenue of $26.60 million during the quarter, compared to analysts’ expectations of $27.67 million.
Several research analysts have commented on INSE shares. ValuEngine downgraded Inspired Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Zacks Investment Research downgraded Inspired Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th.
INSE traded up $0.25 on Wednesday, hitting $6.93. The company had a trading volume of 27,942 shares, compared to its average volume of 21,021. The company’s fifty day moving average price is $7.31 and its 200 day moving average price is $7.60. The stock has a market cap of $158.13 million, a price-to-earnings ratio of -11.18 and a beta of 1.28. Inspired Entertainment has a 1-year low of $3.86 and a 1-year high of $9.70.
Hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN bought a new position in Inspired Entertainment in the 2nd quarter worth approximately $132,000. Hancock Whitney Corp bought a new position in Inspired Entertainment in the 3rd quarter worth approximately $163,000. Bank of New York Mellon Corp bought a new position in Inspired Entertainment in the 2nd quarter worth approximately $180,000. Northern Trust Corp increased its position in Inspired Entertainment by 44.7% in the 2nd quarter. Northern Trust Corp now owns 24,091 shares of the company’s stock worth $203,000 after buying an additional 7,447 shares during the period. Finally, Charles Schwab Investment Management Inc. bought a new position in Inspired Entertainment in the 2nd quarter worth approximately $211,000. 77.07% of the stock is currently owned by institutional investors.
About Inspired Entertainment
Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies virtual sports and server based gaming worldwide. It designs, develops, markets, and distributes a portfolio of games through its digital network architecture to betting offices, casinos, gaming hall and bingo operators, and regulated operators of lotteries, as well as government affiliated and licensed operators.
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