Zacks: Analysts Anticipate NeoGames S.A. (NASDAQ:NGMS) Will Post Earnings of $0.10 Per Share

Equities research analysts expect NeoGames S.A. (NASDAQ:NGMSGet Rating) to report earnings of $0.10 per share for the current quarter, Zacks reports. Three analysts have made estimates for NeoGames’ earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.12. NeoGames posted earnings per share of $0.15 during the same quarter last year, which suggests a negative year-over-year growth rate of 33.3%. The company is scheduled to announce its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that NeoGames will report full year earnings of $0.47 per share for the current year, with EPS estimates ranging from $0.30 to $0.58. For the next year, analysts forecast that the firm will post earnings of $0.73 per share, with EPS estimates ranging from $0.46 to $0.98. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for NeoGames.

NeoGames (NASDAQ:NGMSGet Rating) last posted its quarterly earnings data on Wednesday, March 9th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). The firm had revenue of $12.25 million for the quarter, compared to analysts’ expectations of $11.85 million. NeoGames had a return on equity of 14.50% and a net margin of 9.22%.

A number of equities research analysts have commented on NGMS shares. Zacks Investment Research lowered NeoGames from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 15th. Truist Financial dropped their price objective on shares of NeoGames from $33.00 to $30.00 in a research note on Friday, March 11th. Finally, Jefferies Financial Group initiated coverage on shares of NeoGames in a research note on Thursday, March 31st. They set a “buy” rating and a $20.00 target price for the company.

A number of large investors have recently added to or reduced their stakes in NGMS. Sunriver Management LLC lifted its stake in NeoGames by 136.1% in the fourth quarter. Sunriver Management LLC now owns 606,487 shares of the company’s stock valued at $16,848,000 after acquiring an additional 349,648 shares during the last quarter. Wasatch Advisors Inc. raised its holdings in shares of NeoGames by 81.6% during the 3rd quarter. Wasatch Advisors Inc. now owns 569,934 shares of the company’s stock valued at $20,928,000 after purchasing an additional 256,132 shares in the last quarter. BlackRock Inc. lifted its stake in shares of NeoGames by 60.2% in the 4th quarter. BlackRock Inc. now owns 656,631 shares of the company’s stock valued at $18,242,000 after purchasing an additional 246,842 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of NeoGames in the 4th quarter valued at $6,353,000. Finally, Millennium Management LLC acquired a new position in NeoGames during the third quarter worth $7,924,000. Hedge funds and other institutional investors own 54.28% of the company’s stock.

Shares of NGMS stock opened at $13.07 on Wednesday. The company has a market capitalization of $287.49 million, a price-to-earnings ratio of 76.88 and a beta of 2.38. NeoGames has a 1-year low of $10.69 and a 1-year high of $73.54. The company has a current ratio of 2.17, a quick ratio of 2.42 and a debt-to-equity ratio of 0.22. The stock’s fifty day simple moving average is $15.24 and its 200-day simple moving average is $25.27.

About NeoGames (Get Rating)

NeoGames SA provides a suite of iLottery technology solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of draw based games and instant tickets through personal computers, smartphones, and handheld devices.

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Earnings History and Estimates for NeoGames (NASDAQ:NGMS)

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