Inspired Entertainment's Anticipated Earnings and Analyst Insights
Upcoming Earnings Report for Inspired Entertainment
Inspired Entertainment, Inc. (NASDAQ: INSE) is preparing to unveil its fourth-quarter financial results soon. This announcement will come before the anticipation of the market's opening on the scheduled date, and investors are eager to see how the company performs compared to previous quarters.
Analysts' Earnings Expectations
Projected Financial Outcomes
Market analysts predict that Inspired Entertainment will report a quarterly earning of 15 cents per share. This figure reflects a slight decline from the 17 cents reported in the same quarter last year. In terms of revenue, the expectations hover around $79.19 million, which is a reduction from $81.2 million achieved in the year-ago quarter. These figures set a benchmark for investors and analysts who are closely monitoring the company's trajectory.
Recent Developments and Partnerships
Partnership Expansion with Rush Street Interactive
A significant highlight in the recent past is the expansion of Inspired Entertainment's partnership with Rush Street Interactive, Inc. (NASDAQ: RSI). This collaboration aims to leverage their synergistic capabilities in the gaming and online entertainment sector, which could provide both companies with a competitive edge in their respective markets.
Market Performance and Analyst Ratings
Current Stock Trends
Recently, Inspired Entertainment shares experienced a decline of 6.4%, closing at $8.03 on the last trading day. This drop has caught the attention of investors and has led to a reevaluation of stock predictions and investment strategies. Analyst ratings play a crucial role in how investors perceive the stock's potential, influencing future decision-making.
Insights from Analysts
Let's delve deeper into how some of the most accurate analysts view the company's potential moving forward:
- JMP Securities analyst has maintained a Market Outperform rating with an optimistic price target set at $14. This projection was reiterated recently, reflecting confidence in the company's future growth prospects.
- B. Riley Securities analyst reinstated a Buy rating with a newly adjusted price target of $21, signaling strong belief in the company's potential comeback and market positioning.
- Additionally, Truist Securities analyst adjusted their Buy rating, reducing their price target from $21 to $19, indicating a more cautious stance while still suggesting that the company holds value.
Investment Considerations for INSE
What Analysts are Saying
If you are contemplating investing in INSE stock, paying close attention to analysts' predictions is essential. Their insights can provide a clearer understanding of market trends and potentials, guiding your investment choices. The future financial performance of Inspired Entertainment is critical, and watching these analysts' recommendations could have practical implications for your portfolio.
Frequently Asked Questions
1. What are the expected earnings for Inspired Entertainment?
Analysts expect Inspired Entertainment to report quarterly earnings of 15 cents per share.
2. How did Inspired Entertainment's stock perform recently?
Recently, Inspired Entertainment's stock fell by 6.4%, closing at $8.03.
3. What is the company’s projected revenue for the quarter?
The projected revenue for Inspired Entertainment is $79.19 million for the upcoming quarter.
4. Who are some analysts covering Inspired Entertainment?
JMP Securities, B. Riley Securities, and Truist Securities are notable analysts providing insights on INSE.
5. What can investors expect after earnings are released?
Investors can anticipate shifts in stock performance and potential changes in analyst ratings based on the earnings results.
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