Scientific Games Corp (SGMS) Announces Earnings Results, Misses Expectations By $0.22 EPS
Scientific Games Corp (NASDAQ:SGMS) issued its earnings results on Wednesday. The technology company reported ($0.66) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.44) by ($0.22), Briefing.com reports. The company had revenue of $768.90 million during the quarter, compared to analysts’ expectations of $748.56 million. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.13) EPS.
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A number of brokerages recently commented on SGMS. Stifel Nicolaus reiterated a “hold” rating and issued a $24.00 target price on shares of Scientific Games Corp in a research report on Friday, July 14th. Zacks Investment Research raised Scientific Games Corp from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Tuesday, August 1st. Bank of America Corporation reissued a “buy” rating and issued a $50.00 price target (up from $38.00) on shares of Scientific Games Corp in a report on Wednesday, September 20th. BidaskClub downgraded Scientific Games Corp from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Craig Hallum reissued a “buy” rating and issued a $56.00 price target (up from $45.00) on shares of Scientific Games Corp in a report on Thursday, October 5th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $42.20.
Scientific Games Corp Company Profile
Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.
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