Wall Street brokerages expect Inspired Entertainment Inc (NASDAQ:INSE) to announce sales of $12.38 million for the current quarter, according to Zacks. Two analysts have made estimates for Inspired Entertainment’s earnings. The highest sales estimate is $17.50 million and the lowest is $7.27 million. Inspired Entertainment reported sales of $26.70 million during the same quarter last year, which would suggest a negative year over year growth rate of 53.6%. The business is scheduled to announce its next quarterly earnings results on Monday, August 10th.
On average, analysts expect that Inspired Entertainment will report full year sales of $148.77 million for the current fiscal year, with estimates ranging from $141.44 million to $156.10 million. For the next financial year, analysts expect that the firm will post sales of $238.95 million, with estimates ranging from $214.80 million to $263.10 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Inspired Entertainment.
Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings data on Monday, May 18th. The company reported ($0.78) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.64) by ($0.14). The firm had revenue of $52.30 million for the quarter, compared to the consensus estimate of $52.68 million.
Shares of INSE stock traded up $0.09 on Monday, reaching $3.10. The stock had a trading volume of 947,900 shares, compared to its average volume of 164,477. The firm’s 50-day moving average is $2.79 and its two-hundred day moving average is $4.52. The firm has a market capitalization of $71.37 million, a price-to-earnings ratio of -1.33 and a beta of 1.01. Inspired Entertainment has a 12 month low of $1.87 and a 12 month high of $9.49.
Institutional investors have recently modified their holdings of the business. State Street Corp boosted its position in Inspired Entertainment by 4.4% in the fourth quarter. State Street Corp now owns 130,525 shares of the company’s stock valued at $881,000 after buying an additional 5,548 shares in the last quarter. Barclays PLC raised its stake in shares of Inspired Entertainment by 101.1% during the fourth quarter. Barclays PLC now owns 8,849 shares of the company’s stock valued at $60,000 after acquiring an additional 4,448 shares during the last quarter. Harvey Partners LLC raised its stake in shares of Inspired Entertainment by 13.6% during the first quarter. Harvey Partners LLC now owns 136,936 shares of the company’s stock valued at $463,000 after acquiring an additional 16,436 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Inspired Entertainment by 57.8% during the fourth quarter. UBS Group AG now owns 12,501 shares of the company’s stock valued at $84,000 after acquiring an additional 4,580 shares during the last quarter. Hedge funds and other institutional investors own 62.84% of the company’s stock.
About Inspired Entertainment
Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies virtual sports and server based gaming worldwide. It designs, develops, markets, and distributes a portfolio of games through its digital network architecture to betting offices, casinos, gaming hall and bingo operators, and regulated operators of lotteries, as well as government affiliated and licensed operators.
Further Reading: How prevalent are 12b-1 fees?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Inspired Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inspired Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.