Zacks: Brokerages Expect Inspired Entertainment Inc (NASDAQ:INSE) Will Post Earnings of -$0.40 Per Share

Equities research analysts expect Inspired Entertainment Inc (NASDAQ:INSE) to announce ($0.40) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Inspired Entertainment’s earnings, with estimates ranging from ($0.52) to ($0.27). Inspired Entertainment reported earnings of ($0.23) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 73.9%. The company is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Inspired Entertainment will report full year earnings of ($1.51) per share for the current fiscal year, with EPS estimates ranging from ($1.63) to ($1.38). For the next year, analysts forecast that the company will post earnings of ($0.88) per share, with EPS estimates ranging from ($1.47) to ($0.28). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Inspired Entertainment.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.38) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.12). The company had revenue of $26.60 million for the quarter, compared to analysts’ expectations of $27.67 million.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Inspired Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. ValuEngine lowered shares of Inspired Entertainment from a “buy” rating to a “hold” rating in a report on Monday, October 21st.

NASDAQ:INSE traded up $0.25 on Wednesday, reaching $6.93. The stock had a trading volume of 27,942 shares, compared to its average volume of 21,021. The company has a market cap of $158.13 million, a price-to-earnings ratio of -11.18 and a beta of 1.28. The firm’s fifty day moving average is $7.31 and its two-hundred day moving average is $7.60. Inspired Entertainment has a 12-month low of $3.86 and a 12-month high of $9.70.

Large investors have recently added to or reduced their stakes in the business. AWM Investment Company Inc. lifted its holdings in Inspired Entertainment by 2.6% in the 2nd quarter. AWM Investment Company Inc. now owns 998,543 shares of the company’s stock valued at $8,428,000 after purchasing an additional 25,000 shares in the last quarter. Northern Trust Corp lifted its holdings in Inspired Entertainment by 44.7% in the 2nd quarter. Northern Trust Corp now owns 24,091 shares of the company’s stock valued at $203,000 after purchasing an additional 7,447 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Inspired Entertainment by 11.9% in the 2nd quarter. Vanguard Group Inc. now owns 228,021 shares of the company’s stock valued at $1,924,000 after purchasing an additional 24,257 shares in the last quarter. Wells Fargo & Company MN purchased a new position in Inspired Entertainment in the 2nd quarter valued at about $132,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in Inspired Entertainment in the 2nd quarter valued at about $211,000. Institutional investors own 77.07% 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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