Inspired Entertainment Q2 Adj EPS $0.18 Misses $0.25 Estimate, Sales $80.40M Miss $81.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Inspired Entertainment (NASDAQ:INSE) reported Q2 earnings of $0.18 per share, missing the analyst consensus estimate of $0.25 by 28%. This is a 30.77% decrease from the same period last year. The company also reported quarterly sales of $80.40 million, missing the analyst consensus estimate of $81.95 million by 1.89%. This is a 12.76% increase from the same period last year.
August 09, 2023 | 11:06 am
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NEGATIVE IMPACT
Inspired Entertainment's Q2 earnings and sales missed estimates, with a significant YoY decrease in earnings per share. This could negatively impact the company's stock in the short term.
Inspired Entertainment's earnings per share and sales both missed analyst estimates, which is typically seen as a negative signal by the market. Additionally, the company's earnings per share decreased significantly compared to the same period last year, which could further negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100