Gaming company Inspired (NASDAQ:INSE) will be announcing earnings results tomorrow before the bell. Here’s what investors should know.
Inspired missed analysts’ revenue expectations by 3.8% last quarter, reporting revenues of $78 million, down 20% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income and EPS estimates.
Is Inspired a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Inspired’s revenue to decline 2.9% year on year to $78.84 million, a reversal from the 6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.15 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Inspired has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Inspired’s peers in the gaming solutions segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Rush Street Interactive delivered year-on-year revenue growth of 31.1%, beating analysts’ expectations by 3.4%, and DraftKings reported revenues up 13.2%, falling short of estimates by 0.9%. Rush Street Interactive traded down 15.3% following the results while DraftKings was up 15.2%.
Read our full analysis of Rush Street Interactive’s results here and DraftKings’s results here.
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. We prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。