Inspired Entertainment Q3 2023 Adj EPS $0.17 Misses $0.38 Estimate, Sales $97.50M Beat $93.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Inspired Entertainment (NASDAQ:INSE) reported Q3 2023 earnings of $0.17 per share, missing the consensus estimate of $0.38 by 55.26%. However, their quarterly sales of $97.50 million exceeded the estimate of $93.81 million by 3.93%, marking a 30.17% increase from the same period last year.
February 27, 2024 | 9:39 pm
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NEUTRAL IMPACT
Inspired Entertainment's Q3 earnings per share fell short of expectations, but sales exceeded estimates and showed significant year-over-year growth.
While the earnings per share (EPS) missed analyst expectations significantly, the beat on revenue and the substantial year-over-year sales growth could mitigate negative investor sentiment. The mixed results present a neutral outlook in the short term as the sales growth may offset concerns over the earnings miss.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100