For the quarter ended June 2024, Light & Wonder reported revenue of $818 million, up 11.9% over the same period last year. EPS came in at $1.42, compared to $1.02 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $805.93 million, representing a surprise of +1.50%. The company delivered an EPS surprise of +36.54%, with the consensus EPS estimate being $1.04.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Light & Wonder performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- SciPlay
: $205 million compared to the $211.60 million average estimate based on three analysts. The reported number represents a change of +7.9% year over year.Revenue- Gaming
: $539 million versus $522.53 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +14.4% change.Revenue- iGaming
: $74 million versus $78.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.7% change.AEBITDA- Gaming
: $272 million compared to the $262.66 million average estimate based on three analysts.AEBITDA- Corporate
: -$36 million versus the three-analyst average estimate of -$38.60 million.AEBITDA- iGaming
: $24 million versus the three-analyst average estimate of $27.16 million.AEBITDA- SciPlay
: $70 million versus the three-analyst average estimate of $65.10 million.
View all Key Company Metrics for Light & Wonder here>>>Shares of Light & Wonder have returned -3.4% over the past month versus the Zacks S&P 500 composite's -5.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Light & Wonder (LNW) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2024, Light & Wonder reported revenue of $818 million, up 11.9% over the same period last year. EPS came in at $1.42, compared to $1.02 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $805.93 million, representing a surprise of +1.50%. The company delivered an EPS surprise of +36.54%, with the consensus EPS estimate being $1.04.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Light & Wonder performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Light & Wonder here>>>Revenue- SciPlay
: $205 million compared to the $211.60 million average estimate based on three analysts. The reported number represents a change of +7.9% year over year.Revenue- Gaming
: $539 million versus $522.53 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +14.4% change.Revenue- iGaming
: $74 million versus $78.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.7% change.AEBITDA- Gaming
: $272 million compared to the $262.66 million average estimate based on three analysts.AEBITDA- Corporate
: -$36 million versus the three-analyst average estimate of -$38.60 million.AEBITDA- iGaming
: $24 million versus the three-analyst average estimate of $27.16 million.AEBITDA- SciPlay
: $70 million versus the three-analyst average estimate of $65.10 million.Shares of Light & Wonder have returned -3.4% over the past month versus the Zacks S&P 500 composite's -5.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.