Inspired Entertainment Inc (NASDAQ:INSE) Expected to Announce Quarterly Sales of $52.19 Million

Analysts expect that Inspired Entertainment Inc (NASDAQ:INSE) will post $52.19 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Inspired Entertainment’s earnings, with the lowest sales estimate coming in at $49.31 million and the highest estimate coming in at $55.06 million. Inspired Entertainment posted sales of $30.73 million in the same quarter last year, which suggests a positive year-over-year growth rate of 69.8%. The business is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Inspired Entertainment will report full-year sales of $139.16 million for the current financial year, with estimates ranging from $136.28 million to $142.03 million. For the next financial year, analysts forecast that the company will report sales of $245.72 million, with estimates ranging from $233.86 million to $257.58 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Inspired Entertainment.

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

Several brokerages recently issued reports on INSE. Zacks Investment Research cut shares of Inspired Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine cut shares of Inspired Entertainment from a “buy” rating to a “hold” rating in a report on Monday, October 21st.

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp grew its position in shares of Inspired Entertainment by 11.8% in the third quarter. State Street Corp now owns 124,977 shares of the company’s stock valued at $899,000 after purchasing an additional 13,209 shares during the period. Northern Trust Corp grew its position in shares of Inspired Entertainment by 44.7% in the second 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 during the period. Vanguard Group Inc. grew its position in shares of Inspired Entertainment by 11.9% in the second 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 during the period. Charles Schwab Investment Management Inc. acquired a new stake in shares of Inspired Entertainment in the second quarter valued at about $211,000. Finally, Wells Fargo & Company MN acquired a new stake in shares of Inspired Entertainment in the second quarter valued at about $132,000. Institutional investors and hedge funds own 77.07% of the company’s stock.

Shares of NASDAQ INSE traded down $0.02 during midday trading on Monday, reaching $6.20. The company had a trading volume of 17,853 shares, compared to its average volume of 8,483. The business’s 50-day simple moving average is $6.88 and its 200 day simple moving average is $7.35. The stock has a market cap of $147.40 million, a P/E ratio of -10.00 and a beta of 1.24. Inspired Entertainment has a 1 year low of $5.51 and a 1 year high of $9.70.

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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