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.
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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