Scientific Games Corp (NASDAQ:SGMS) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.77 per share.
Looking ahead, the full year loss are expected at $ 4.58 per share on the revenues of $ 2656.39 million.
Previous Quarter Performance
Scientific Games Corp came out with loss for the second quarter of $ 2.15 per share, from the revenue of $ 539.00 million. The quarterly revenues decreased 36.21 percent compared with the same quarter last year. Wall street analysts are predicting, SGMS to report 2Q20 loss of $ 1.70 per share from revenue of $ 443.70 million. The bottom line results missed street analysts by $ 0.45 or 26.47 percent, at the same time, top line results outshined analysts by $ 95.30 million or 21.48 percent.
Stock Performance
Shares of Scientific Games Corp traded up $ 1.94 or 5.84 percent on Tuesday, reaching $ 35.18 with volume of 915.40 thousand shares. Scientific Games Corp has traded high as $ 35.54 and has cracked $ 33.35 on the downward trend
According to the previous trading day, closing price of $ 35.18, representing a 784.04 % increase from the 52 week low of $ 3.76 and a 11.55 % decrease over the 52 week high of $ 37.58.
The company has a market capital of $ 3.35 billion and is part of the Consumer Cyclical sector and Gambling industry.
Recent Analyst recommendations
- On 21st September 2020, upgraded by Jefferies Financial Group to Buy from Hold rating, with $ 50.00 target price.
Conference Call
Scientific Games Corp will be hosting a conference call at 4:15 PM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.scientificgames.com
Scientific Games Corporation develops technology-based products and services, and related content for the gaming, lottery, and digital gaming industries worldwide. The companys Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games. It also leases gaming machines; provides gaming operations and licensing arrangements; and installs and supports casino management systems, such as ongoing hardware and software maintenance and upgrade services of customer casino management systems.
