-$0.22 EPS Expected for Inspired Entertainment Inc (NASDAQ:INSE) This Quarter
Equities research analysts forecast that Inspired Entertainment Inc (NASDAQ:INSE) will report earnings of ($0.22) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Inspired Entertainment’s earnings. Inspired Entertainment reported earnings per share of ($0.19) during the same quarter last year, which would indicate a negative year-over-year growth rate of 15.8%. The firm is expected to issue its next quarterly earnings results on Monday, August 12th.
On average, analysts expect that Inspired Entertainment will report full year earnings of ($0.85) per share for the current financial year, with EPS estimates ranging from ($0.88) to ($0.82). For the next financial year, analysts forecast that the firm will report earnings of ($0.24) per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Inspired Entertainment.
Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.12). The firm had revenue of $33.67 million for the quarter, compared to analyst estimates of $33.69 million.
INSE stock opened at $8.54 on Thursday. Inspired Entertainment has a 52-week low of $3.86 and a 52-week high of $9.70. The company’s 50 day moving average price is $7.91. The firm has a market capitalization of $206.96 million, a price-to-earnings ratio of -13.77 and a beta of 1.17.
A number of institutional investors have recently added to or reduced their stakes in the business. Vitruvian Partners LLP acquired a new position in Inspired Entertainment in the 4th quarter valued at approximately $29,370,000. 683 Capital Management LLC increased its stake in Inspired Entertainment by 5.7% in the 4th quarter. 683 Capital Management LLC now owns 801,824 shares of the company’s stock valued at $3,849,000 after buying an additional 43,394 shares during the period. Teton Advisors Inc. increased its stake in Inspired Entertainment by 6.4% in the 1st quarter. Teton Advisors Inc. now owns 311,478 shares of the company’s stock valued at $2,076,000 after buying an additional 18,600 shares during the period. Penn Capital Management Co. Inc. increased its stake in Inspired Entertainment by 4.7% in the 1st quarter. Penn Capital Management Co. Inc. now owns 114,684 shares of the company’s stock valued at $764,000 after buying an additional 5,124 shares during the period. Finally, Gabelli Funds LLC increased its stake in Inspired Entertainment by 42.6% in the 1st quarter. Gabelli Funds LLC now owns 98,710 shares of the company’s stock valued at $658,000 after buying an additional 29,477 shares during the period. Hedge funds and other institutional investors own 74.65% of the company’s stock.
Inspired Entertainment Company Profile
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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