Core Insights - Everi Holdings Inc. has launched the Gulfstream Racing App in collaboration with 1/ST, enhancing the mobile wagering experience for horse racing fans [1][2][4] Group 1: App Features and Launch - The Gulfstream Racing App is now available on the Apple App Store, marking Everi's strategic expansion into Sports and Entertainment following its acquisition of Venuetize in 2023 [2] - Phase I of the app includes traditional features such as ticketing, dining reservations, promotions, race schedules, and an in-app horse wagering experience [3] - The app utilizes Everi's BeOn™ Mobile platform and CashClub Wallet® technology for cashless wagering options [3] Group 2: Event and Future Plans - The app was launched ahead of the 2025 Pegasus World Cup, a major luxury sports event in South Florida [4] - Future plans include rolling out a venue app for Santa Anita Park, expanding horse wagering and wallet funding experiences as part of Phase II [4] Group 3: Strategic Collaboration - The collaboration aims to enhance the venue experience with mobile and funding capabilities, focusing on fan engagement and convenience [5] - The app is designed to simplify the betting process for new horse racing fans, providing expert picks and key venue highlights [5] Group 4: Company Background - Everi is a leading provider of gaming technology solutions, focusing on improving patron engagement and operational efficiency in the gaming industry [6] - The Stronach Group, through its 1/ST business, is a major player in Thoroughbred racing and pari-mutuel wagering, advocating for industry reforms and horse care [7][8]

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Everi Holdings due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Everi Holdings is expected to report quarterly earnings of $0.16 per share, reflecting a year-over-year decrease of 63.6% [3]. - Revenue projections stand at $199.13 million, indicating a decline of 3.6% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 1.25% higher in the last 30 days, suggesting a slight positive reassessment by analysts [4]. - The Most Accurate Estimate for Everi Holdings is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -49.37%, indicating a bearish outlook from analysts [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likelihood of actual earnings deviating from consensus estimates, with positive readings being more predictive of earnings beats [6][7]. - A positive Earnings ESP combined with a Zacks Rank of 1, 2, or 3 has shown a nearly 70% success rate for predicting earnings beats [8]. Historical Performance - In the last reported quarter, Everi Holdings met the expected earnings of $0.11 per share, resulting in no surprise [11]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [12]. Conclusion - Everi Holdings does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when making decisions regarding the stock ahead of the earnings release [15].

Core Insights - Investors in Everi Holdings Inc. (EVRI) should monitor stock movements due to significant activity in the options market, particularly the high implied volatility of the Sept 20, 2025 $15 Put option [1] Company Analysis - Everi Holdings is currently rated as Zacks Rank 4 (Sell) within the Business-Services industry, which is positioned in the top 35% of the Zacks Industry Rank [3] - Over the past 60 days, no analysts have increased their earnings estimates for the current quarter, while four analysts have revised their estimates downward, resulting in a decrease of the Zacks Consensus Estimate from 25 cents per share to 17 cents per share [3] Options Market Insights - The high implied volatility surrounding Everi shares suggests that options traders anticipate a significant price movement, which could indicate an upcoming event that may lead to a substantial rally or sell-off [2][4] - Options traders often seek to sell premium on options with high implied volatility, aiming to benefit from the decay of the option's value as expiration approaches, hoping that the underlying stock does not move as much as expected [4]

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Everi Holdings (EVRI) due to lower revenues, with a focus on how actual results will compare to estimates [1][3]. Earnings Expectations - Everi Holdings is expected to report quarterly earnings of $0.15 per share, reflecting a decline of 63.4% year-over-year [3]. - Revenue projections stand at $191.7 million, which is an 8.2% decrease from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 12% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Everi Holdings is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -17.81% [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a strong predictive power for positive readings [7][8]. - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have historically produced a positive surprise nearly 70% of the time [8]. Historical Performance - In the last reported quarter, Everi Holdings was expected to post earnings of $0.17 per share but only achieved $0.05, resulting in a surprise of -70.59% [11]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [12]. Investment Considerations - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [13]. - Everi Holdings does not currently appear to be a compelling candidate for an earnings beat, suggesting caution for potential investors [15].

Core Insights - Monteverde & Associates PC is investigating Everi Holdings Inc. regarding its proposed merger with International Game Technology PLC's Global Gaming and PlayDigital businesses, where Everi shareholders will receive $14.25 in cash per share of Everi common stock [1] Group 1: Company Overview - Monteverde & Associates PC is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report and has a successful track record in recovering money for shareholders [1][3] - The firm is headquartered in the Empire State Building in New York City and specializes in class action securities litigation [1][3] Group 2: Merger Details - Under the terms of the merger agreement, Everi shareholders will receive $14.25 in cash for each share of Everi common stock they own [1]

Group 1 - Monteverde & Associates PC is investigating Everi Holdings Inc. regarding its proposed merger with International Game Technology PLC's Global Gaming and PlayDigital businesses [1] - Under the merger agreement, Everi shareholders will receive $14.25 in cash per share of Everi common stock [1] Group 2 - Monteverde & Associates PC is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report [1] - The firm has a successful track record in recovering money for shareholders through litigation [2]

Core Insights - Apollo Global Management is acquiring Everi and International Game Technology's IGT Gaming business for a total of $6.3 billion [1] Company Overview - Everi (NYSE:EVRI) stock has seen a significant increase, rising 42.3% as of Friday morning following the acquisition announcement [3][4] - Shareholders of Everi will receive $14.25 per share in cash, which represents a 56% premium over the stock's previous closing price [5] Market Activity - The acquisition has led to heavy trading activity, with over 17 million shares of Everi changing hands, significantly above its average daily trading volume of approximately 1.6 million shares [6]

Core Viewpoint - Ademi LLP is investigating Everi for potential breaches of fiduciary duty and other legal violations related to its transaction with Apollo, raising concerns about the fairness of the deal for shareholders [1][2]. Group 1: Transaction Details - Everi stockholders are set to receive $14.25 per share in cash as part of the transaction [2]. - The transaction agreement imposes significant penalties on Everi if it accepts competing bids, which may limit shareholder options [2]. Group 2: Board Conduct - The investigation focuses on the conduct of Everi's board of directors and whether they are fulfilling their fiduciary duties to all shareholders [2]. - Insiders at Everi are expected to receive substantial benefits from change of control arrangements, raising further questions about the board's actions [2].

For the quarter ended March 2024, Everi Holdings (EVRI) reported revenue of $189.35 million, down 5.6% over the same period last year. EPS came in at $0.05, compared to $0.43 in the year-ago quarter.The reported revenue represents a surprise of +0.59% over the Zacks Consensus Estimate of $188.24 million. With the consensus EPS estimate being $0.17, the EPS surprise was -70.59%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

Everi Holdings (EVRI) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -70.59%. A quarter ago, it was expected that this cash access products company would post earnings of $0.21 per share when it actually produced earnings of $0.02, delivering a surprise of -90.48%.Over the last four ...