Evoke (LON:EVOK) Releases Quarterly Earnings Results

Evoke (LON:EVOK) released its quarterly earnings results on Wednesday. The company reported GBX (0.40) earnings per share for the quarter, Digital Look Earnings reports. Evoke had a negative net margin of 30.73% and a positive return on equity of 125.82%.

Here are the key takeaways from Evoke’s conference call:

• Recommended Bally’s Intralot acquisition remains on track, subject to shareholder, regulatory, and other approvals, with completion expected in Q4 2026 or Q1 2027; the company is not providing forward-looking financial guidance.
• First-half revenue was broadly stable at £888 million, but adjusted EBITDA fell 10% to £150 million after a £46 million year-on-year increase in gaming duties, including approximately £30 million from the U.K.
• UK & I Online revenue rose 4% and adjusted EBITDA increased 28%, driven by stronger marketing and promotional efficiency, operational savings, and continued double-digit growth at William Hill Vegas. Retail like-for-like revenue grew 4% and EBITDA rose 5% despite closing 270 loss-making shops.
• International adjusted EBITDA declined 20% as higher duties in Italy and Romania, a shift toward higher-duty markets, and weaker performance in Spain and other regions compressed margins. Management is increasing product investment in Spain while restricting spending in weaker markets such as Romania to preserve returns and liquidity.
• The group generated £85 million of underlying free cash flow, but exceptional and other outflows caused net debt to rise by about £37 million and leverage to increase to 5.6x; period-end liquidity was approximately £150 million.

Evoke Stock Performance

Shares of LON EVOK traded up GBX 0.10 during mid-day trading on Wednesday, hitting GBX 45.60. The stock had a trading volume of 314,332 shares, compared to its average volume of 4,031,571. The firm has a market cap of £205.26 million, a PE ratio of -0.37 and a beta of 1.00. The company has a 50 day moving average of GBX 45.64 and a two-hundred day moving average of GBX 36.70. Evoke has a twelve month low of GBX 19.76 and a twelve month high of GBX 66.40.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EVOK shares. Berenberg Bank increased their target price on shares of Evoke from GBX 33 to GBX 52 and gave the company a “hold” rating in a research report on Tuesday, June 16th. JPMorgan Chase & Co. lifted their price target on shares of Evoke from GBX 34 to GBX 52 and gave the stock a “neutral” rating in a report on Tuesday, June 16th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 46.33.

Evoke Company Profile