Inspired Entertainment Inc (NASDAQ:INSE) Expected to Announce Quarterly Sales of $12.38 Million

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.

A number of equities research analysts have recently issued reports on INSE shares. ValuEngine raised shares of Inspired Entertainment from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Zacks Investment Research cut shares of Inspired Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, March 18th.

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.

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