Inspired Entertainment Inc (NASDAQ:INSE) Expected to Announce Quarterly Sales of $12.38 Million

Wall Street analysts expect that Inspired Entertainment Inc (NASDAQ:INSE) will report sales of $12.38 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Inspired Entertainment’s earnings, with the lowest sales estimate coming in at $7.27 million and the highest estimate coming in at $17.50 million. Inspired Entertainment posted sales of $26.70 million in the same quarter last year, which would indicate a negative year over year growth rate of 53.6%. The company is expected to announce its next quarterly earnings report on Monday, August 10th.

On average, analysts expect that Inspired Entertainment will report full year sales of $148.77 million for the current fiscal year, with estimates ranging from $141.44 million to $156.10 million. For the next year, analysts anticipate that the company will post sales of $238.95 million, with estimates ranging from $214.80 million to $263.10 million. Zacks’ sales averages are an average based on a survey of research firms that cover Inspired Entertainment.

Inspired Entertainment (NASDAQ:INSE) last issued its quarterly earnings results on Monday, May 18th. The company reported ($0.78) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.64) by ($0.14). The company had revenue of $52.30 million for the quarter, compared to the consensus estimate of $52.68 million.

Several equities analysts recently weighed in on INSE shares. Zacks Investment Research downgraded shares of Inspired Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, March 18th. ValuEngine upgraded shares of Inspired Entertainment from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 3rd.

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its position in Inspired Entertainment by 101.1% in the 4th quarter. Barclays PLC now owns 8,849 shares of the company’s stock worth $60,000 after purchasing an additional 4,448 shares in the last quarter. UBS Group AG lifted its position in shares of Inspired Entertainment by 57.8% during the 4th quarter. UBS Group AG now owns 12,501 shares of the company’s stock valued at $84,000 after buying an additional 4,580 shares in the last quarter. State Street Corp lifted its position in shares of Inspired Entertainment by 4.4% during the 4th quarter. State Street Corp now owns 130,525 shares of the company’s stock valued at $881,000 after buying an additional 5,548 shares in the last quarter. Finally, Harvey Partners LLC lifted its position in shares of Inspired Entertainment by 13.6% during the 1st quarter. Harvey Partners LLC now owns 136,936 shares of the company’s stock valued at $463,000 after buying an additional 16,436 shares in the last quarter. Institutional investors and hedge funds own 62.84% of the company’s stock.

NASDAQ:INSE traded up $0.09 during midday trading on Monday, hitting $3.10. The company’s stock had a trading volume of 947,900 shares, compared to its average volume of 164,477. Inspired Entertainment has a fifty-two week low of $1.87 and a fifty-two week high of $9.49. The firm’s 50 day moving average is $2.79 and its 200-day moving average is $4.52. The firm has a market cap of $71.37 million, a P/E ratio of -1.33 and a beta of 1.01.

About Inspired Entertainment

Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies virtual sports and server based gaming worldwide. It designs, develops, markets, and distributes a portfolio of games through its digital network architecture to betting offices, casinos, gaming hall and bingo operators, and regulated operators of lotteries, as well as government affiliated and licensed operators.

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