Analysts Anticipate NeoGames S.A. (NASDAQ:NGMS) Will Announce Earnings of $0.13 Per Share

Analysts forecast that NeoGames S.A. (NASDAQ:NGMS – Get Rating) will post $0.13 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for NeoGames’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.15. NeoGames posted earnings per share of $0.10 during the same quarter last year, which indicates a positive year over year growth rate of 30%. The firm is expected to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that NeoGames will report full-year earnings of $0.34 per share for the current year, with EPS estimates ranging from $0.29 to $0.39. For the next fiscal year, analysts forecast that the firm will post earnings of $0.79 per share, with EPS estimates ranging from $0.61 to $0.99. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow NeoGames.

NeoGames (NASDAQ:NGMS – Get Rating) last issued its quarterly earnings data on Wednesday, March 9th. The company reported $0.01 earnings per share (EPS) 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 analyst estimates of $11.85 million. NeoGames had a positive return on equity of 9.83% and a negative net margin of 0.38%.

A number of research firms have issued reports on NGMS. Truist Financial reduced their target price on shares of NeoGames from $33.00 to $30.00 in a report on Friday, March 11th. Zacks Investment Research upgraded shares of NeoGames from a “sell” rating to a “hold” rating and set a $13.00 target price on the stock in a research report on Wednesday, May 11th. Finally, Jefferies Financial Group initiated coverage on NeoGames in a report on Thursday, March 31st. They issued a “buy” rating and a $20.00 price target for the company.

A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in shares of NeoGames by 6,940.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,750,983 shares of the company’s stock worth $27,018,000 after purchasing an additional 1,726,113 shares during the period. Sunriver Management LLC increased its position in shares of NeoGames by 136.1% in the fourth quarter. Sunriver Management LLC now owns 606,487 shares of the company’s stock worth $16,848,000 after acquiring an additional 349,648 shares in the last quarter. Wasatch Advisors Inc. raised its stake in shares of NeoGames by 81.6% in the 3rd quarter. Wasatch Advisors Inc. now owns 569,934 shares of the company’s stock valued at $20,928,000 after acquiring an additional 256,132 shares during the period. BlackRock Inc. lifted its holdings in shares of NeoGames by 60.2% during the 4th quarter. BlackRock Inc. now owns 656,631 shares of the company’s stock valued at $18,242,000 after acquiring an additional 246,842 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in NeoGames during the 4th quarter worth $6,353,000. 42.38% of the stock is currently owned by institutional investors.

Shares of NASDAQ NGMS traded up $0.28 during trading on Wednesday, reaching $13.41. The company had a trading volume of 212 shares, compared to its average volume of 391,702. The stock has a market capitalization of $295.02 million, a PE ratio of -1,310.00 and a beta of 2.09. The stock has a 50-day moving average price of $13.67 and a two-hundred day moving average price of $23.03. NeoGames has a twelve month low of $10.69 and a twelve month high of $73.54. The company has a current ratio of 4.13, a quick ratio of 4.13 and a debt-to-equity ratio of 0.22.

NeoGames Company Profile (Get Rating)

NeoGames SA provides iLottery 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. It also develops and operates online lotteries and games that allows lottery operators to distribute lottery products through online sales channels using the company's technology.

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