B Analysts Increase Q3 2023 EPS Estimates for Light & Wonder, Inc
August 8, 2023
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Light & Wonder ($NASDAQ:LNW), Inc. is a renowned technology company that specializes in developing advanced software products and solutions for the global market. In recent years, the company has seen significant growth in its stock price and overall business operations. As such, analysts at B.C. Financial have increased their expectations of Light & Wonder, Inc.’s Q3 2023 earnings per share (EPS). This development has been received positively by the market, as investors are increasingly optimistic about the company’s future prospects. It is likely that the increased EPS estimates are based on the company’s strong performance in the previous quarters and their expectation of continued growth in the coming quarters.
The estimated growth in EPS could be attributed to an increase in sales and revenue from Light & Wonder, Inc.’s products as well as cost-effective measures taken to reduce overhead expenses. The increase in EPS estimates is a sign of the company’s sustainability and long-term prospects for growth. This news is encouraging to investors who may consider investing in Light & Wonder, Inc. as the stock is currently trading at a reasonable price and may be a good opportunity to capitalize on.
Earnings
Analysts are increasing their Q3 2023 EPS estimates for Light & Wonder, Inc following the release of its earnings report for FY2023 Q1 ending March 31, 2021. In the report, the company earned a total revenue of 729.0M USD, but lost 15.0M USD in net income. This marks a 27.4% increase in total revenue compared to the previous year, but also a 157.7% decrease in net income.
Over the past 3 years, the company’s total revenue has dropped from 729.0M USD to 670.0M USD. This decrease has caused analysts to reconsider their estimates, leading to the increased EPS forecasts for the upcoming quarter.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LNW. More…
| Total Revenues | Net Income | Net Margin |
| 2.61k | 3.67k | -1.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LNW. More…
| Operations | Investing | Financing |
| -290 | 6.24k | -5.58k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LNW. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.02k | 4.84k | 11.08 |
Key Ratios Snapshot
Some of the financial key ratios for LNW are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -7.4% | -1.7% | 8.2% |
| FCF Margin | ROE | ROA |
| -19.8% | 13.3% | 2.2% |
Stock Price
Analysts have increased estimated earnings per share (EPS) for Light & Wonder, Inc. for the third quarter of 2023. On Monday, LIGHT & WONDER stock opened at $70.3 and closed at the same price, with no major shifts in the stock price due to the report. This increase in EPS is seen as a positive sign for the company as it could mean increased profits for shareholders.
It also suggests that the company has a strong outlook for growth in the coming months. This news is likely to be welcomed by investors who have been following the company’s progress since its recent IPO. Live Quote…
Analysis
GoodWhale is here to help you analyze LIGHT & WONDER’s financials. Based on our Risk Rating, LIGHT & WONDER is a high risk investment in terms of financial and business aspects. To give you more insights, we have detected 3 risk warnings in their income sheet, balance sheet, and financial journal. To access these warnings, please register for a free account on goodwhale.com. With GoodWhale, you can be confident that you are making the best decision for your investments. More…
Peers
They offer a wide range of products and services that are designed to meet the needs of the gaming industry. Their products are used by some of the world’s largest gaming operators. PlayAGS Inc, NanoTech Gaming Inc, and Inspired Entertainment Inc are all major competitors of Light & Wonder Inc.
– PlayAGS Inc ($NYSE:AGS)
AGS Inc is a leading provider of casino gaming products and services. The company has a market capitalization of 196.73 million as of 2022 and a return on equity of 27.82%. AGS Inc provides a wide range of gaming products and services, including casino management systems, slot machines, table games, and other gaming equipment. The company also offers a variety of services, such as player tracking, marketing, and player development.
– NanoTech Gaming Inc ($OTCPK:NTGL)
Inspired Entertainment Inc is a gaming technology company that provides virtual sports and iGaming solutions to the regulated gambling industry. The company has a market cap of 309.89M and a ROE of -51.07%. Inspired Entertainment Inc operates in the Gaming Technology industry and has been in business for over 20 years. The company’s products are available in over 35,000 retail locations and online.
Summary
Investors are feeling bullish about Light & Wonder, Inc. as analysts at B have recently raised their EPS estimates for Q3 2023. This is an indication that the company’s financial performance and outlook are both strong and favorable. Investors are encouraged to consider investing in Light & Wonder, Inc. as it is likely to continue to grow and offer reliable returns.
Furthermore, this recent EPS estimate revision may also present a good opportunity to enter the stock at a lower price. With careful management and strategic decisions, investors may be able to take advantage of the potential for growth that Light & Wonder, Inc. offers.
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