Inspired Entertainment, Inc. - Common Stock (INSE)
10.22
-0.31 (-2.94%)
Inspired Entertainment Inc is a global gaming technology company that specializes in providing innovative gaming solutions for the regulated betting and gaming industries
The company offers a diverse range of products and services, including virtual sports, gaming terminals, and mobile gaming solutions, aimed at enhancing the gaming experience for customers and operators alike. With a focus on developing engaging and entertaining content, Inspired Entertainment leverages advanced technology to create immersive gaming environments that cater to an array of markets, helping its clients optimize their offerings and drive revenue growth.
Let’s dig into the relative performance of Accel Entertainment (NYSEACEL) and its peers as we unravel the now-completed Q3 gaming solutions earnings season.
Over the past six months, Inspired’s shares (currently trading at $8.52) have posted a disappointing 7.7% loss, well below the S&P 500’s 9.3% gain. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Light & Wonder (NASDAQLNW) and the best and worst performers in the gaming solutions industry.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the gaming solutions industry, including PlayStudios (NASDAQMYPS) and its peers.
Gaming company Inspired (NASDAQINSE) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 20% year on year to $78 million. Its GAAP profit of $0.12 per share was also 51.4% below analysts’ consensus estimates.
INSE stock results show that Inspired Entertainment missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.
The S&P 500 Index and Nasdaq Composite are just above breakeven this afternoon, the former looking to extend its wining streak to nine and the latter to 10, amid a swath of positive corporate earnings.
