International Game Technology Leaps as Results Beat Forecasts
International Game Technology Leaps as Results Beat Forecasts
Shares of International Game Technology( IGT ) - Get Reportleaped on Tuesday after the gaming technology company reported stronger than-expected first-quarter earnings and revenue.
Adjusted earnings before interest, taxes, depreciation and amortization registered $450 million, up 46% from a year earlier and above the Bloomberg analyst consensus of $309.2 million.
Revenue totaled $1.02 billion in the first quarter, up 8% from a year earlier and more than the analyst consensus of $876 million.
Operating earnings per share totaled 38 cents, swinging from a loss of $1.28.
London-based IGT recently traded at $20.32, up 16%. It has doubled over the past six months amid investor enthusiasm for the gaming industry.
Jefferies analyst David Katz has a buy rating and a $25 price target for the company.
Its earnings beat was “more prominent than that of the industry overall, particularly related to free cash flow,” he wrote in a commentary cited by Bloomberg. He pointed to the “noteworthy” strength in IGT’s lottery segment.
The company’s decreased leverage indicates “progress toward a broader range of capital returns,’’ Katz said.
In other gambling news, TheStreet.com Founder Jim Cramer said last week that Wynn Resorts WYNN is the gambling stock he would buy.
Wynn Resorts Rises on Narrowed Loss, Mobile Gaming SPAC Plan
Also last week, DraftKings DKNG got another boost from the analyst community, when Cowen upgraded the stock to outperform from market perform with a $70 price target.
Cowen’s Stephen Glagola made the upgrade due to the company's valuation and the prospect of more states legalizing sports gambling.
The pace of state legalization is "the primary top-line catalyst and share-price driver for DraftKings," he said.
Wynn Resorts is a holding in Jim Cramer'sAction Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells WYNN?Learn more now.
Shares of International Game Technology( IGT ) - Get Reportleaped on Tuesday after the gaming technology company reported stronger than-expected first-quarter earnings and revenue.
的股份國際遊戲技術(IGT(路透社)-Get Report週二躍升,此前這家遊戲技術公司公佈了強於預期的第一季度收益和營收。
Adjusted earnings before interest, taxes, depreciation and amortization registered $450 million, up 46% from a year earlier and above the Bloomberg analyst consensus of $309.2 million.
調整後的利息、税項、折舊及攤銷前利潤(EBITDA)為4.5億美元,較上年同期增長46%,高於彭博社(Bloomberg)分析師一致預期的3.092億美元。
Revenue totaled $1.02 billion in the first quarter, up 8% from a year earlier and more than the analyst consensus of $876 million.
第一季營收總計10.2億美元,較上年同期增長8%,高於分析師一致預期的8.76億美元。
Operating earnings per share totaled 38 cents, swinging from a loss of $1.28.
每股營業收益總計38美分,虧損1.28美元。
London-based IGT recently traded at $20.32, up 16%. It has doubled over the past six months amid investor enthusiasm for the gaming industry.
總部位於倫敦的IGT最新報20.32美元,上漲16%。在投資者對博彩業的熱情推動下,該公司的銷售額在過去6個月裏翻了一番。
Jefferies analyst David Katz has a buy rating and a $25 price target for the company.
傑富瑞(Jefferies)分析師大衞·卡茨(David Katz)對該公司的評級為買入,目標價為25美元。
Its earnings beat was “more prominent than that of the industry overall, particularly related to free cash flow,” he wrote in a commentary cited by Bloomberg. He pointed to the “noteworthy” strength in IGT’s lottery segment.
他在彭博社(Bloomberg)引用的一篇評論中寫道,它的收益表現“比整個行業更突出,特別是在自由現金流方面。”他指出了IGT在彩票領域“值得注意”的優勢。
The company’s decreased leverage indicates “progress toward a broader range of capital returns,’’ Katz said.
卡茨説,該公司槓桿率的下降表明“在更廣泛的資本回報範圍內取得了進展”。
In other gambling news, TheStreet.com Founder Jim Cramer said last week that Wynn Resorts WYNN is the gambling stock he would buy.
在其他博彩新聞方面,TheStreet.com創始人吉姆·克雷默(Jim Cramer)上週表示,永利度假村永利是他會買的賭股。
Wynn Resorts Rises on Narrowed Loss, Mobile Gaming SPAC Plan
永利度假村虧損收窄,手機遊戲空間計劃上升
Also last week, DraftKings DKNG got another boost from the analyst community, when Cowen upgraded the stock to outperform from market perform with a $70 price target.
同樣在上週,DraftKings DKNG又得到了分析師羣體的提振,考恩將該股評級上調至強於大盤表現,目標價為70美元。
Cowen’s Stephen Glagola made the upgrade due to the company's valuation and the prospect of more states legalizing sports gambling.
考恩的斯蒂芬·格拉戈拉(Stephen Glagola)之所以升級,是因為該公司的估值以及更多州將體育賭博合法化的前景。
The pace of state legalization is "the primary top-line catalyst and share-price driver for DraftKings," he said.
他説,州政府合法化的步伐是“DraftKings的主要營收催化劑和股價推動力”。
Wynn Resorts is a holding in Jim Cramer'sAction Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells WYNN?Learn more now.
永利度假村(Wynn Resorts)是吉姆·克雷默(Jim Cramer)的行動警報(Action Alerts)加會員俱樂部的控股公司。想在吉姆·克雷默(Jim Cramer)買賣永利之前得到提醒嗎?現在就瞭解更多信息。
譯文內容由第三人軟體翻譯。
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