Zacks: Brokerages Expect Inspired Entertainment Inc (NASDAQ:INSE) Will Announce Quarterly Sales of $52.19 Million

Wall Street analysts predict that Inspired Entertainment Inc (NASDAQ:INSE) will announce sales of $52.19 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Inspired Entertainment’s earnings. The lowest sales estimate is $49.31 million and the highest is $55.06 million. Inspired Entertainment reported sales of $30.73 million during the same quarter last year, which would suggest a positive year over year growth rate of 69.8%. The business is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Inspired Entertainment will report full-year sales of $139.16 million for the current fiscal year, with estimates ranging from $136.28 million to $142.03 million. For the next fiscal year, analysts forecast that the company will post sales of $245.72 million, with estimates ranging from $233.86 million to $257.58 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Inspired Entertainment.

Inspired Entertainment (NASDAQ:INSE) last posted its earnings results on Tuesday, November 12th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.12). The business had revenue of $26.60 million during the quarter, compared to the consensus estimate of $27.67 million.

A number of equities research analysts have issued reports on the company. ValuEngine cut Inspired Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Zacks Investment Research cut Inspired Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th.

A number of hedge funds have recently bought and sold shares of INSE. Wells Fargo & Company MN bought a new stake in Inspired Entertainment in the second quarter valued at $132,000. Hancock Whitney Corp bought a new stake in Inspired Entertainment in the third quarter valued at $163,000. Bank of New York Mellon Corp bought a new stake in Inspired Entertainment in the second quarter valued at $180,000. Northern Trust Corp lifted its stake in 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 buying an additional 7,447 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Inspired Entertainment during the second quarter valued at about $211,000. Institutional investors own 77.07% of the company’s stock.

INSE stock traded up $0.25 during mid-day trading on Friday, reaching $6.93. The company had a trading volume of 27,942 shares, compared to its average volume of 21,021. The stock has a market capitalization of $158.13 million, a P/E ratio of -11.18 and a beta of 1.28. Inspired Entertainment has a one year low of $3.86 and a one year high of $9.70. The stock’s 50-day simple moving average is $7.31 and its two-hundred day simple moving average is $7.60.

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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