Inspired Entertainment: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Inspired Entertainment (NASDAQ:INSE) reported Q3 earnings with an EPS of $0.17, missing the estimate of $0.38 by -55%. Revenue increased by $22.60 million from the previous year. Despite missing last quarter's EPS estimate, the share price increased by 2.0% the following day. Historical earnings show mixed results in meeting EPS and revenue estimates.
February 27, 2024 | 9:40 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Inspired Entertainment reported a significant miss in Q3 earnings with an EPS of $0.17 against an estimate of $0.38, but saw an increase in revenue by $22.60 million from the previous year.
The significant miss in estimated earnings (-55%) is likely to negatively impact investor sentiment and stock price in the short term, despite the increase in revenue. Historical data shows that past earnings misses had a mixed impact on the stock price, but the magnitude of this miss could lead to a more pronounced negative reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100