Compared to Estimates, Light & Wonder (LNW) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2024, Light & Wonder (LNW) reported revenue of $817 million, up 11.8% over the same period last year. EPS came in at $1.34, compared to $0.81 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $826.65 million, representing a surprise of -1.17%. The company delivered an EPS surprise of +15.52%, with the consensus EPS estimate being $1.16.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Light & Wonder performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- SciPlay: $206 million versus the four-analyst average estimate of $208.95 million. The reported number represents a year-over-year change of +5.1%.
- Revenue- Gaming: $537 million versus $552.05 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +15.5% change.
- Revenue- iGaming: $74 million compared to the $74.60 million average estimate based on four analysts. The reported number represents a change of +5.7% year over year.
- AEBITDA- Gaming: $267 million compared to the $273.05 million average estimate based on four analysts.
- AEBITDA- Corporate: -$38 million versus -$39.64 million estimated by four analysts on average.
- AEBITDA- iGaming: $24 million versus $24.60 million estimated by four analysts on average.
- AEBITDA- SciPlay: $66 million versus $66.79 million estimated by four analysts on average.
Shares of Light & Wonder have returned +9.5% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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