Earnings Preview: Intl Game Tech
Portfolio Pulse from Benzinga Insights
International Game Technology (IGT) is set to release its quarterly earnings report on August 1, 2023. Analysts estimate an EPS of $0.34. The company's stock price often reacts more to the guidance provided than the earnings beat or miss. Last quarter, IGT beat EPS estimates by $0.11, but the share price dropped by 4.08% the next day. The stock is currently trading at $33.47, up 64.93% over the last 52 weeks.
July 31, 2023 | 8:13 pm
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IGT is set to release its earnings report. The company's stock price often reacts more to the guidance provided than the earnings beat or miss. Last quarter, IGT beat EPS estimates but the share price dropped.
The company's earnings report is a significant event that can impact the stock price. Last quarter, despite beating EPS estimates, the share price dropped, indicating that the market may be more interested in the company's guidance. Therefore, the upcoming earnings report could have a significant impact on the stock price, but the direction is uncertain without knowing the details of the report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100