Everi Holdings Inc. (EVRI - Free Report) will report first-quarter 2019 results on May 7 after the bell.Shares of the company have gained 91.8% year to date, significantly outperforming the 38.8% rally of the industry it belongs to.
How Things Are Shaping Up
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $122 million, indicating year over year increase of 9.9%. The expected increase is likely to be driven by continued strong customer demand across both business segments of the company.
Gaming revenues are expected to be driven by growth in the installed base and estimated daily win per unit. FinTech revenues should benefit from strength in cash access and information services, and equipment sales.Everi has made significant investments in both Gaming and FinTech product portfolios over the past several years.
The Zacks Consensus Estimate for earnings is pegged at 2 cents, reflecting year-over-year decline of 66.7%.
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially when the company is seeing negative estimate revisions. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Everi has an Earnings ESP of 0.00% and a Zacks Rank #3, a combination that makes surprise prediction difficult.
Stocks That Warrant a Look
Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on earnings this season:
Blucora, Inc. (BCOR - Free Report) , with an Earnings ESP of +5.29% and a Zacks Rank #1.You can see the complete list of today’s Zacks #1 Rank stocks here.
FleetCor Technologies, Inc. (FLT - Free Report) , with an Earnings ESP of +0.38% and a Zacks Rank #2.
Envestnet, Inc. (ENV - Free Report) , with an Earnings ESP of +0.56% and a Zacks Rank of 3.
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