Inspired Entertainment Q1 Adj $(0.02) Misses $0.02 Estimate, Sales $63.10M Miss $64.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
Inspired Entertainment (NASDAQ:INSE) reported Q1 adjusted losses of $(0.02) per share, missing the analyst consensus estimate of $0.02 by 200%. Year-over-year, this represents a 115.38% decrease from earnings of $0.13 per share. Quarterly sales were $63.10M, missing estimates by 1.96% and marking a 4.39% decrease from the previous year's $66.00M.
May 10, 2024 | 11:09 am
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Inspired Entertainment reported significant misses in both EPS and sales for Q1, indicating potential challenges ahead.
Missing both EPS and sales estimates significantly, especially with a 200% miss on the EPS estimate and a year-over-year decrease in earnings and sales, suggests potential underlying issues that could negatively impact investor sentiment and stock price in the short term.
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