Inspired Entertainment Inc (NASDAQ:INSE) Expected to Post Earnings of -$1.02 Per Share

Equities analysts expect Inspired Entertainment Inc (NASDAQ:INSE) to announce earnings of ($1.02) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Inspired Entertainment’s earnings, with the lowest EPS estimate coming in at ($1.09) and the highest estimate coming in at ($0.94). Inspired Entertainment posted earnings of ($0.42) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 142.9%. The business is expected to issue its next quarterly earnings results on Monday, August 10th.

According to Zacks, analysts expect that Inspired Entertainment will report full-year earnings of ($2.94) per share for the current year, with EPS estimates ranging from ($2.99) to ($2.88). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.87) per share, with EPS estimates ranging from ($1.58) to ($0.15). Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Inspired Entertainment.

Inspired Entertainment (NASDAQ:INSE) last posted its quarterly earnings results on Monday, May 18th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.64) by ($0.14). The company had revenue of $52.30 million during the quarter, compared to analyst estimates of $52.68 million.

A number of equities analysts have issued reports on INSE shares. ValuEngine upgraded Inspired Entertainment from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Zacks Investment Research cut Inspired Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, March 18th.

Several large investors have recently added to or reduced their stakes in INSE. Barclays PLC raised its position in Inspired Entertainment by 101.1% in the 4th quarter. Barclays PLC now owns 8,849 shares of the company’s stock valued at $60,000 after buying an additional 4,448 shares during the last quarter. UBS Group AG raised its position in Inspired Entertainment by 57.8% in the 4th quarter. UBS Group AG now owns 12,501 shares of the company’s stock valued at $84,000 after buying an additional 4,580 shares during the last quarter. State Street Corp raised its position in Inspired Entertainment by 4.4% in the 4th quarter. State Street Corp now owns 130,525 shares of the company’s stock valued at $881,000 after buying an additional 5,548 shares during the last quarter. Finally, Harvey Partners LLC raised its position in Inspired Entertainment by 13.6% in the 1st quarter. Harvey Partners LLC now owns 136,936 shares of the company’s stock valued at $463,000 after buying an additional 16,436 shares during the last quarter. Institutional investors and hedge funds own 62.84% of the company’s stock.

INSE traded up $0.09 during midday trading on Friday, reaching $3.10. 904,387 shares of the company were exchanged, compared to its average volume of 301,895. Inspired Entertainment has a one year low of $1.87 and a one year high of $9.49. The stock has a market capitalization of $69.30 million, a P/E ratio of -1.36 and a beta of 1.01. The stock’s 50-day simple moving average is $2.79 and its 200 day simple moving average is $4.52.

Inspired Entertainment Company Profile

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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