Brokerages predict that Scientific Games Co. (NASDAQ:SGMS) will announce $834.52 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Scientific Games’ earnings. The highest sales estimate is $851.86 million and the lowest is $813.84 million. Scientific Games reported sales of $698.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 19.6%. The firm is scheduled to report its next earnings report on Wednesday, November 3rd.
On average, analysts expect that Scientific Games will report full year sales of $3.30 billion for the current fiscal year, with estimates ranging from $3.23 billion to $3.34 billion. For the next year, analysts anticipate that the business will post sales of $3.61 billion, with estimates ranging from $3.57 billion to $3.66 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Scientific Games.
Scientific Games (NASDAQ:SGMS) last issued its earnings results on Monday, August 9th. The technology company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $1.01. The firm had revenue of $880.00 million for the quarter, compared to analyst estimates of $771.73 million. The business’s revenue for the quarter was up 63.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($2.15) EPS.
Shares of SGMS stock traded up $3.60 on Wednesday, reaching $77.33. 1,037,809 shares of the stock were exchanged, compared to its average volume of 920,089. The business’s 50 day moving average price is $68.49 and its 200 day moving average price is $62.33. The company has a market capitalization of $7.45 billion, a price-to-earnings ratio of -62.71 and a beta of 2.06. Scientific Games has a twelve month low of $29.54 and a twelve month high of $81.00.
Institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in shares of Scientific Games by 422.5% during the second quarter. IFP Advisors Inc now owns 465 shares of the technology company’s stock worth $36,000 after buying an additional 376 shares during the period. Cypress Point Wealth Management LLC purchased a new position in Scientific Games during the second quarter worth about $39,000. FORA Capital LLC purchased a new position in Scientific Games during the second quarter worth about $46,000. Advisory Services Network LLC purchased a new position in Scientific Games during the second quarter worth about $46,000. Finally, Point72 Hong Kong Ltd purchased a new position in Scientific Games during the first quarter worth about $34,000. Institutional investors and hedge funds own 85.30% of the company’s stock.
About Scientific Games
Scientific Games Corp. engages in the development of technology-based products and services and associated content. It operates through the following business segments: Gaming, Lottery, and SciPlay, and Digital. The Gaming segment designs, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming products and services.
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