Wall Street analysts expect Playtika Holding (PLTK) to post quarterly earnings of $0.17 per share in its upcoming report, which indicates a year-over-year increase of 70%. Revenues are expected to be $618.24 million, down 3.1% from the year-ago quarter.

The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

Bearing this in mind, let's now explore the average estimates of specific Playtika metrics that are commonly monitored and projected by Wall Street analysts.

Analysts forecast 'Average MAUs' to reach 27.03 million. The estimate compares to the year-ago value of 30.9 million.

The collective assessment of analysts points to an estimated 'Average DAUs' of 8.07 million. Compared to the current estimate, the company reported 8.6 million in the same quarter of the previous year.

According to the collective judgment of analysts, 'Average Daily Payer Conversion' should come in at 3.6%. The estimate compares to the year-ago value of 3.5%.

View all Key Company Metrics for Playtika here>>>

Shares of Playtika have demonstrated returns of -2.9% over the past month compared to the Zacks S&P 500 composite's -1.8% change. With a Zacks Rank #2 (Buy), PLTK is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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Playtika Holding Corp. (PLTK) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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