Scientific Games Co. (NASDAQ:SGMS) Expected to Post Quarterly Sales of $561.27 Million

Equity research analysts expect Scientific Games Co. (NASDAQ:SGMS) to report sales of $561.27 million in the current fiscal quarter, according to Zacks. Four analysts have made earnings estimates for Scientific Games, with the lowest sales estimate at $555.00 million and the highest at $565.77 million. Scientific Games reported sales of $762.00 million in the same quarter last year, which would indicate a negative 26.3% year-over-year growth rate. The company is expected to release its next quarterly earnings report after the market closes on Tuesday, March 1.

According to Zacks, analysts expect Scientific Games to report annual sales of $2.42 billion for the current year, with estimates ranging from $2.13 billion to $2.71 billion. For the next fiscal year, analysts expect the company to report sales of $2.45 billion, with estimates ranging from $2.43 billion to $2.50 billion. Zacks Investment Research sales averages are an average based on a survey of sell-side research analysts who provide coverage for Scientific Games.

SGMS has been the subject of a number of recent analyst reports. StockNews.com upgraded Scientific Games from a “hold” rating to a “buy” rating in a research report on Tuesday, February 15. Truist Financial reduced its price target on Scientific Games from $110.00 to $85.00 and set a “buy” rating for the company in a Thursday, January 13 research report. Stifel Nicolaus downgraded Scientific Games from a “buy” rating to a “hold” rating and raised its target price for the stock from $84.00 to $90.00 in a Wednesday, November 3 research report. Credit Suisse Group raised its price target on Scientific Games from $39.00 to $45.00 and gave the stock an “underperforming” rating in a Wednesday, November 10 research report. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Scientific Games shares from $63.00 to $71.00 and gave the company a “holding” rating in a Thursday, November 11 research report. One research analyst rated the stock with a sell rating, three gave the company a hold rating and five gave the company’s stock a buy rating. According to data from MarketBeat.com, Scientific Games has an average rating of “Hold” and an average price target of $81.11.

(A d)

The former CBOE trader reveals the secret behind his 83% win rate. Now he GUARANTEES he beats it!

You have to watch this.

Institutional investors have recently increased or reduced their stake in the stock. FORA Capital LLC bought a new stake in Scientific Games in the 2nd quarter for a value of approximately $46,000. US Bancorp DE increased its stake in Scientific Games by 121.5% in the third quarter. US Bancorp DE now owns 866 shares of the technology company worth $71,000 after buying an additional 475 shares during the period. Dark Forest Capital Management LP bought a new position in Scientific Games in Q3 for a value of approximately $108,000. Convergence Investment Partners LLC bought a new position in Scientific Games in Q3 for a value of approximately $169,000. Finally, Keebeck Alpha LP bought a new position in Scientific Games in Q3 worth approximately $207,000. 93.71% of the shares are held by institutional investors.

Shares of NASDAQ:SGMS opened at $61.87 on Friday. Scientific Games has a fifty-two week minimum of $36.89 and a fifty-two week maximum of $90.20. The company has a 50-day simple moving average of $61.57 and a two-hundred-day simple moving average of $69.65. The company has a market capitalization of $5.97 billion, a price-earnings ratio of 33.81 and a beta of 1.93.

About science games

Scientific Games Corp. engages in the development of technology-based products and services and related content. It operates through the following business segments: Games, Lottery, SciPlay and Digital. The Gaming segment designs, develops, manufactures, markets and distributes a comprehensive portfolio of gaming products and services.

Further reading

Get a Free Copy of Zacks Science Games Research Report (SGMS)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Science Games Earnings History and Estimates (NASDAQ:SGMS)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Scientific Games right now?

Before you consider Scientific Games, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Scientific Games wasn’t on the list.

Although Scientific Games currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here