Brokerages forecast that Inspired Entertainment Inc (NASDAQ:INSE) will report sales of $27.67 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Inspired Entertainment’s earnings. The lowest sales estimate is $27.24 million and the highest is $28.09 million. Inspired Entertainment posted sales of $35.62 million during the same quarter last year, which would indicate a negative year over year growth rate of 22.3%. The firm is scheduled to announce its next quarterly earnings results on Monday, December 9th.
On average, analysts expect that Inspired Entertainment will report full year sales of $126.21 million for the current fiscal year, with estimates ranging from $117.18 million to $135.24 million. For the next fiscal year, analysts forecast that the business will post sales of $189.04 million, with estimates ranging from $140.84 million to $237.24 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Inspired Entertainment.
Inspired Entertainment (NASDAQ:INSE) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.20). The business had revenue of $26.70 million during the quarter, compared to analyst estimates of $30.11 million.
INSE has been the subject of several research analyst reports. Zacks Investment Research upgraded Inspired Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded Inspired Entertainment from a “hold” rating to a “buy” rating in a report on Thursday, October 10th.
Several institutional investors have recently made changes to their positions in the company. Gabelli Funds LLC boosted its holdings in shares of Inspired Entertainment by 3.7% in the 2nd quarter. Gabelli Funds LLC now owns 102,410 shares of the company’s stock worth $864,000 after purchasing an additional 3,700 shares during the period. Northern Trust Corp lifted its stake in shares of Inspired Entertainment by 44.7% during the 2nd quarter. Northern Trust Corp now owns 24,091 shares of the company’s stock worth $203,000 after acquiring an additional 7,447 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Inspired Entertainment by 15.7% during the 2nd quarter. Renaissance Technologies LLC now owns 97,270 shares of the company’s stock worth $821,000 after acquiring an additional 13,170 shares during the last quarter. Wells Fargo & Company MN bought a new stake in shares of Inspired Entertainment during the 2nd quarter worth approximately $132,000. Finally, Harvey Partners LLC lifted its stake in shares of Inspired Entertainment by 22.8% during the 2nd quarter. Harvey Partners LLC now owns 110,000 shares of the company’s stock worth $928,000 after acquiring an additional 20,430 shares during the last quarter. Hedge funds and other institutional investors own 63.16% of the company’s stock.
NASDAQ INSE traded up $0.11 during trading on Tuesday, hitting $7.45. 473 shares of the stock traded hands, compared to its average volume of 11,085. The company has a market capitalization of $168.87 million, a P/E ratio of -11.89 and a beta of 1.32. The firm has a 50-day simple moving average of $7.12 and a 200-day simple moving average of $7.60. Inspired Entertainment has a 12-month low of $3.86 and a 12-month high of $9.70.
Inspired Entertainment Company Profile
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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