Inspired (INSE) Reports Earnings Tomorrow: What To Expect

StockStory
2024-11-06
Inspired (INSE) Reports Earnings Tomorrow: What To Expect

Gaming company Inspired (NASDAQ:INSE) will be reporting earnings tomorrow after market hours. Here’s what you need to know.

Inspired beat analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $75.6 million, down 4.8% year on year. It was a slower quarter for the company, with a miss of analysts’ earnings and operating margin 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 16.6% year on year to $81.35 million, a reversal from the 31.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.18 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Inspired has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 4.5% on average.

Looking at Inspired’s peers in the gaming solutions segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Rush Street Interactive delivered year-on-year revenue growth of 36.6%, beating analysts’ expectations by 11.9%, and PlayStudios reported a revenue decline of 6.1%, topping estimates by 3.9%. Rush Street Interactive’s stock price was unchanged after the results, while PlayStudios was up 5.1%.

Read our full analysis of Rush Street Interactive’s results here and PlayStudios’s results here.

There has been positive sentiment among investors in the gaming solutions segment, with share prices up 3.3% on average over the last month. Inspired is up 1.7% during the same time and is heading into earnings with an average analyst price target of $14.80 (compared to the current share price of $9.72).

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