PLAYSTUDIOS (MYPS) to Release Quarterly Earnings on Monday

PLAYSTUDIOS (NASDAQ:MYPS) is scheduled to be announcing its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

PLAYSTUDIOS (NASDAQ:MYPS) last posted its quarterly earnings results on Monday, March 11th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.12). PLAYSTUDIOS had a negative return on equity of 7.19% and a negative net margin of 6.24%. The company had revenue of $77.11 million during the quarter, compared to analysts’ expectations of $75.95 million. On average, analysts expect PLAYSTUDIOS to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PLAYSTUDIOS Stock Performance

Shares of MYPS opened at $2.35 on Friday. PLAYSTUDIOS has a 52 week low of $1.90 and a 52 week high of $5.01. The company has a market capitalization of $320.09 million, a PE ratio of -15.67, a PEG ratio of 7.63 and a beta of 0.63. The company’s 50 day moving average price is $2.43 and its 200 day moving average price is $2.49.

Insider Buying and Selling at PLAYSTUDIOS

In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the sale, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.95% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut their price objective on PLAYSTUDIOS from $6.00 to $4.00 and set a “buy” rating for the company in a report on Friday, February 23rd.

About PLAYSTUDIOS

PLAYSTUDIOS, Inc develops and publishes free-to-play casual games for mobile and social platforms in the United States and internationally. The company's game portfolio includes a diverse range of titles comprising social casino, card, puzzle, and adventure games. It also offers POP! Slots, myVEGAS Slots, my KONAMI Slots, MGM Slots Live, myVEGAS Blackjack, myVEGAS Bingo, Tetris, Solitaire, Spider Solitaire, Jumbline 2, Sudoku, and Mahjong games.