Inspired Entertainment Inc (NASDAQ:INSE) Expected to Post Earnings of -$0.22 Per Share

Brokerages forecast that Inspired Entertainment Inc (NASDAQ:INSE) will announce ($0.22) earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Inspired Entertainment’s earnings. Inspired Entertainment reported earnings per share of ($0.19) in the same quarter last year, which would suggest a negative year over year growth rate of 15.8%. The company is scheduled to announce its next earnings results on Monday, August 12th.

According to Zacks, analysts expect that Inspired Entertainment will report full year earnings of ($0.85) per share for the current year, with EPS estimates ranging from ($0.88) to ($0.82). For the next year, analysts forecast that the company will report earnings of ($0.24) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Inspired Entertainment.

Inspired Entertainment (NASDAQ:INSE) last issued its earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.12). The company had revenue of $33.67 million during the quarter, compared to analyst estimates of $33.69 million.

Separately, Zacks Investment Research raised Zurich Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 18th.

Institutional investors and hedge funds have recently modified their holdings of the stock. Penn Capital Management Co. Inc. increased its holdings in Inspired Entertainment by 4.4% in the 4th quarter. Penn Capital Management Co. Inc. now owns 109,560 shares of the company’s stock valued at $526,000 after purchasing an additional 4,650 shares in the last quarter. Teton Advisors Inc. increased its holdings in Inspired Entertainment by 6.4% in the 1st quarter. Teton Advisors Inc. now owns 311,478 shares of the company’s stock valued at $2,076,000 after purchasing an additional 18,600 shares in the last quarter. Gabelli Funds LLC increased its holdings in Inspired Entertainment by 42.6% in the 1st quarter. Gabelli Funds LLC now owns 98,710 shares of the company’s stock valued at $658,000 after purchasing an additional 29,477 shares in the last quarter. 683 Capital Management LLC increased its holdings in Inspired Entertainment by 5.7% in the 4th quarter. 683 Capital Management LLC now owns 801,824 shares of the company’s stock valued at $3,849,000 after purchasing an additional 43,394 shares in the last quarter. Finally, Royce & Associates LP acquired a new stake in Inspired Entertainment in the 4th quarter valued at $240,000. 74.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of INSE traded up $0.03 during trading hours on Friday, hitting $8.78. The stock had a trading volume of 13,762 shares, compared to its average volume of 66,129. The company has a market capitalization of $200.36 million, a price-to-earnings ratio of -14.16 and a beta of 1.26. The stock has a fifty day simple moving average of $8.31. Inspired Entertainment has a 12-month low of $3.86 and a 12-month high of $9.70.

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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