Light & Wonder (LNW) Expected to Announce Earnings on Wednesday

Light & Wonder (NASDAQ:LNW) is anticipated to post its Q3 2025 results after the market closes on Wednesday, November 5th. Analysts expect Light & Wonder to post earnings of $1.45 per share and revenue of $866.9670 million for the quarter. Individuals may review the information on the company’s upcoming Q3 2025 earningreport for the latest details on the call scheduled for Wednesday, November 5, 2025 at 4:30 PM ET.

Light & Wonder (NASDAQ:LNW) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.14. Light & Wonder had a return on equity of 71.17% and a net margin of 10.89%.The company had revenue of $809.00 million during the quarter, compared to the consensus estimate of $851.29 million. During the same quarter in the prior year, the company posted $0.90 EPS. The firm’s revenue was down 1.1% on a year-over-year basis. On average, analysts expect Light & Wonder to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Light & Wonder Price Performance

Shares of NASDAQ:LNW opened at $72.70 on Monday. The business has a 50 day moving average price of $83.74 and a 200 day moving average price of $87.65. Light & Wonder has a twelve month low of $69.56 and a twelve month high of $113.94. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 0.48 and a beta of 1.45. The company has a quick ratio of 1.51, a current ratio of 1.77 and a debt-to-equity ratio of 6.86.

Insider Transactions at Light & Wonder

In other news, Director Antonia Korsanos acquired 8,065 shares of Light & Wonder stock in a transaction on Sunday, August 10th. The stock was bought at an average price of $80.05 per share, for a total transaction of $645,603.25. Following the transaction, the director owned 22,815 shares of the company’s stock, valued at $1,826,340.75. The trade was a 54.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jamie Odell acquired 8,275 shares of Light & Wonder stock in a transaction on Thursday, August 7th. The stock was purchased at an average price of $78.81 per share, with a total value of $652,152.75. Following the transaction, the director directly owned 8,275 shares in the company, valued at approximately $652,152.75. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 37,756 shares of company stock worth $3,209,088 over the last 90 days. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Light & Wonder

A number of hedge funds have recently modified their holdings of LNW. Balyasny Asset Management L.P. raised its holdings in shares of Light & Wonder by 202.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 486,720 shares of the company’s stock worth $46,852,000 after buying an additional 325,835 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Light & Wonder by 509.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 260,259 shares of the company’s stock valued at $22,541,000 after purchasing an additional 217,589 shares in the last quarter. AQR Capital Management LLC increased its holdings in Light & Wonder by 41.9% during the 2nd quarter. AQR Capital Management LLC now owns 482,974 shares of the company’s stock valued at $46,491,000 after purchasing an additional 142,698 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Light & Wonder by 161.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 138,870 shares of the company’s stock valued at $13,368,000 after purchasing an additional 85,781 shares in the last quarter. Finally, Brevan Howard Capital Management LP acquired a new stake in Light & Wonder during the 2nd quarter valued at $1,928,000. 88.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LNW shares. Truist Financial increased their target price on Light & Wonder from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Benchmark decreased their target price on Light & Wonder from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Zacks Research downgraded Light & Wonder from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. JPMorgan Chase & Co. downgraded Light & Wonder from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $108.00 to $95.00 in a research note on Thursday, August 7th. Finally, Stifel Nicolaus decreased their target price on Light & Wonder from $95.00 to $83.00 and set a “hold” rating for the company in a research note on Tuesday, October 28th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $102.14.

About Light & Wonder

Light & Wonder, Inc is a cross-platform global games company, which engages in the development of content and digital markets. It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment includes the design, manufacture, marketing, and distribution of portfolio of gaming products and services.