Analysts Expect Inspired Entertainment Inc (NASDAQ:INSE) to Announce -$0.22 Earnings Per Share
Equities research analysts expect Inspired Entertainment Inc (NASDAQ:INSE) to announce earnings of ($0.22) per share for the current quarter, according to Zacks. Two analysts have provided estimates for Inspired Entertainment’s earnings. Inspired Entertainment reported earnings of ($0.19) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 15.8%. The business 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 year, with EPS estimates ranging from ($0.88) to ($0.82). For the next year, analysts expect that the company will post earnings of ($0.24) per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Inspired Entertainment.
Inspired Entertainment (NASDAQ:INSE) last posted its earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.12). The company had revenue of $33.67 million for the quarter, compared to the consensus estimate of $33.69 million.
NASDAQ INSE traded down $0.06 on Friday, reaching $8.13. 21,525 shares of the company’s stock traded hands, compared to its average volume of 63,172. The stock has a market cap of $186.88 million, a price-to-earnings ratio of -13.11 and a beta of 1.26. The business has a 50 day moving average of $8.44. Inspired Entertainment has a fifty-two week low of $3.86 and a fifty-two week high of $9.70.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royce & Associates LP acquired a new position in Inspired Entertainment during the fourth quarter valued at $240,000. Gabelli Funds LLC lifted its position in Inspired Entertainment by 42.6% during the first quarter. Gabelli Funds LLC now owns 98,710 shares of the company’s stock valued at $658,000 after purchasing an additional 29,477 shares during the period. Penn Capital Management Co. Inc. lifted its position in Inspired Entertainment by 4.4% during the fourth quarter. Penn Capital Management Co. Inc. now owns 109,560 shares of the company’s stock valued at $526,000 after purchasing an additional 4,650 shares during the period. Teton Advisors Inc. lifted its position in Inspired Entertainment by 6.4% during the first quarter. Teton Advisors Inc. now owns 311,478 shares of the company’s stock valued at $2,076,000 after purchasing an additional 18,600 shares during the period. Finally, 683 Capital Management LLC lifted its position in Inspired Entertainment by 5.7% during the fourth quarter. 683 Capital Management LLC now owns 801,824 shares of the company’s stock valued at $3,849,000 after purchasing an additional 43,394 shares during the period. Institutional investors own 74.65% of the company’s stock.
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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