Wedbush Comments on SciPlay Co.’s Q2 2022 Earnings (NASDAQ:SCPL)

SciPlay Co. (NASDAQ:SCPLGet Rating) – Equities research analysts at Wedbush lowered their Q2 2022 EPS estimates for SciPlay in a report issued on Wednesday, May 11th. Wedbush analyst M. Pachter now forecasts that the company will post earnings of $0.21 per share for the quarter, down from their previous forecast of $0.23. Wedbush also issued estimates for SciPlay’s Q3 2022 earnings at $0.23 EPS, Q4 2022 earnings at $0.26 EPS, FY2022 earnings at $0.87 EPS, Q3 2023 earnings at $0.27 EPS, Q4 2023 earnings at $0.29 EPS and Q1 2024 earnings at $0.29 EPS.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of SciPlay from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 18th. Macquarie set a $20.00 target price on shares of SciPlay in a research report on Wednesday, January 26th. DA Davidson upgraded shares of SciPlay from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Thursday, March 3rd. Truist Financial upgraded shares of SciPlay from a “hold” rating to a “buy” rating and increased their price target for the company from $14.00 to $15.00 in a research report on Thursday. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $20.00 price target on shares of SciPlay in a research report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.00.

SciPlay stock opened at $13.01 on Thursday. SciPlay has a 1 year low of $10.75 and a 1 year high of $22.29. The company has a market cap of $1.67 billion, a PE ratio of 17.35 and a beta of 0.25. The company’s 50-day moving average is $12.99 and its two-hundred day moving average is $13.99.

SciPlay (NASDAQ:SCPLGet Rating) last released its earnings results on Tuesday, March 1st. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.62. SciPlay had a net margin of 3.00% and a return on equity of 7.43%. The company had revenue of $154.40 million for the quarter, compared to the consensus estimate of $154.46 million. During the same period in the prior year, the company posted $0.18 EPS.

A number of hedge funds and other institutional investors have recently bought and sold shares of SCPL. Engine Capital Management LP bought a new stake in SciPlay during the 4th quarter worth approximately $24,938,000. TIG Advisors LLC bought a new stake in SciPlay during the 3rd quarter worth approximately $36,790,000. Caledonia Private Investments Pty Ltd bought a new stake in SciPlay during the 4th quarter worth approximately $21,478,000. Balyasny Asset Management LLC bought a new stake in SciPlay during the 3rd quarter worth approximately $21,866,000. Finally, Carlson Capital L P bought a new stake in SciPlay during the 3rd quarter worth approximately $18,621,000. 18.63% of the stock is owned by institutional investors and hedge funds.

SciPlay Company Profile (Get Rating)

SciPlay Corporation develops, markets, and operates a portfolio of social games for mobile and web platforms in North America and internationally. It offers social casino games, such as Jackpot Party Casino, Gold Fish Casino, Quick Hit Slots, 88 Fortunes Slots, MONOPOLY Slots, and Hot Shot Casino, as well as casual games comprising Bingo Showdown, Solitaire Pets Adventure, and Backgammon Live.

Further Reading

Earnings History and Estimates for SciPlay (NASDAQ:SCPL)

Receive News & Ratings for SciPlay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SciPlay and related companies with MarketBeat.com's FREE daily email newsletter.