Light & Wonder Inc reports results for the quarter ended March 31 - Earnings Summary

• Light & Wonder Inc LNW.OQ reported quarterly adjusted earnings of 94 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 88 cents. The mean expectation of eight analysts for the quarter was for earnings of $1.14 per share. Wall Street expected results to range from 76 cents to $1.41 per share.

• Revenue rose 2.4% to $774.00 million from a year ago; analysts expected $806.31 million.

• Light & Wonder Inc's reported EPS for the quarter was 94 cents​.

• The company reported quarterly net income of $82 million.

• Light & Wonder Inc shares had risen by 8.4% this quarter and gained 8.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the casinos & gaming peer group is also "buy"

• Wall Street's median 12-month price target for Light & Wonder Inc is $110.06

This summary was machine generated from LSEG data May 7 at 09:55 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)