Group 1: Company Overview - Light & Wonder (LNW) shares increased by 4.3% to close at $105.99, with notable trading volume compared to typical sessions, and an overall gain of 11.5% over the past four weeks [1] - LNW has agreed to acquire Grover Gaming's charitable gaming assets for $850 million in cash, positioning the company to capitalize on the expected growth in the charitable gaming space [2][3] - The acquisition aligns with LNW's cross-platform strategy and is anticipated to be accretive to profitability, with expectations of high single-digit adjusted NPATA in the first full calendar year post-acquisition [3] Group 2: Financial Performance - LNW is projected to report quarterly earnings of $1.08 per share, reflecting a year-over-year increase of 48%, with revenues expected to reach $795.27 million, up 3.3% from the previous year [4] - The consensus EPS estimate for LNW has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [5] Group 3: Industry Context - LNW operates within the Zacks Gaming industry, where another company, Century Casinos (CNTY), experienced a 2.2% decline in its stock price, with a consensus EPS estimate change of -42.3% over the past month [5][6]

Core Insights - Analysts project that Light & Wonder (LNW) will report quarterly earnings of $1.08 per share, reflecting a 48% year-over-year increase, with revenues expected to reach $795.27 million, a 3.3% increase from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a collective reevaluation by analysts [1][2] Revenue Estimates - Revenue from SciPlay is projected to be $220.31 million, representing an 8% year-over-year increase [4] - Revenue from Gaming is expected to reach $503.14 million, indicating a 1.4% increase from the previous year [4] - Revenue from iGaming is forecasted at $76.07 million, reflecting an 8.7% increase from the prior-year quarter [4] AEBITDA Estimates - AEBITDA for Gaming is estimated at $252.76 million, compared to $245 million from the year-ago period [5] - AEBITDA for iGaming is projected to be $24.96 million, up from $23 million a year ago [5] - AEBITDA for SciPlay is expected to reach $73.17 million, compared to $69 million from the previous year [5] Stock Performance - Light & Wonder shares have shown a return of +16.7% over the past month, outperforming the Zacks S&P 500 composite, which increased by +2.6% [5] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [5]

Core Viewpoint - Light & Wonder, Inc. (LNW) has entered into a definitive agreement to acquire Grover Gaming's charitable gaming assets for $850 million in cash, with an additional potential earn-out of up to $200 million over four years, funded through a mix of debt financing and existing cash [1][2]. Company Summary - Grover Charitable Gaming operates approximately 10,000 leased electronic pull-tab units across five U.S. states, generating revenues of $135 million and adjusted EBITDA of $111 million in fiscal 2024 [3]. - The acquisition aligns with LNW's strategy to expand its footprint in high-return markets and is expected to be accretive to profitability, with anticipated high single-digit adjusted NPATA in the first full calendar year post-acquisition [5]. Industry Summary - The charitable gaming space is projected to grow significantly in the coming years, providing LNW with an opportunity to leverage Grover's strong customer relationships and market presence [4]. - LNW's holistic growth strategy focuses on extending its reach in digital markets and high-return sectors, which is reinforced by this acquisition [5]. Financial Outlook - LNW has reiterated its Consolidated AEBITDA target of $1.4 billion for 2025, supported by solid market traction across its businesses [2]. - The company expects to maintain a net debt leverage ratio within the target range of 2.5x to 3.5x following the acquisition [1]. Historical Context - Strategic acquisitions have been integral to LNW's growth, with previous acquisitions enhancing its capabilities in the global gaming industry [6]. - Notable past acquisitions include Bally Technologies and WMS Industries, which have expanded LNW's offerings in computerized systems and services [6]. Stock Performance - LNW's stock has increased by 20.2% over the past year, compared to the industry's growth of 23.9% [8].

Group 1: Company Overview - Light & Wonder (LNW) shares increased by 11% to close at $97.67, with notable trading volume compared to typical sessions, and a 3.2% gain over the past four weeks [1] - The company is experiencing solid sales growth in gaming machines and a healthy performance in the social casino business, aiming to be a leading cross-platform global games company [2] - Management emphasizes automation, standardization, AI tools, and process development to enhance organizational efficiency and scalability globally [2] Group 2: Financial Performance - Light & Wonder is expected to report quarterly earnings of $1.08 per share, reflecting a year-over-year increase of 48%, with revenues projected at $795.27 million, up 3.3% from the previous year [3] - The consensus EPS estimate for the quarter has been revised 4.6% higher in the last 30 days, indicating a positive trend that typically leads to price appreciation [4] Group 3: Industry Context - Light & Wonder belongs to the Zacks Gaming industry, which includes other companies like Churchill Downs (CHDN), that closed 0.3% higher at $122.43, with a -3.8% return over the past month [4] - Churchill Downs has an unchanged consensus EPS estimate of $0.93 for the upcoming report, representing an 8.1% increase from the previous year [5]

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A month has gone by since the last earnings report for Light & Wonder (LNW) . Shares have added about 1% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Light & Wonder due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Light & Wonder Beats Q3 Earnings Estimates on ...

Investors can contact the law firm at no cost to learn more about recovering their losses ​LOS ANGELES, Nov. 13, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Light & Wonder, Inc. (“Light & Wonder” or “the Company”) (NASDAQ: LNW) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Light & Wonder investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to ...

Light and Wonder (LNW) reported relatively healthy third-quarter 2024 results, with adjusted earnings beating the Zacks Consensus Estimate but revenues missing the same.  Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Las Vegas-based cross-platform games and entertainment company reported the ninth consecutive quarter of double-digit revenue growth, exemplifying its portfolio strength and resilient business model.Bottom LineNet income in the reported quarter was $64 million or ...

Light & Wonder, Inc. (NASDAQ:LNW) Q3 2024 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Nick Zangari - SVP, IR & Treasury Matt Wilson - President & CEO Oliver Chow - CFO Conference Call Participants Barry Jonas - Truist David Katz - Jefferies David Fabris - Macquarie Rohan Gallagher - Jarden Justin Barrett - CLSA Rohan Sundram - MST Paul Mason - Evans & Partners Operator Hello, and welcome to the Light & Wonder 2024 Third Quarter Earnings Conference Call. At this time, all parti ...

| --- | --- | --- | |------------------------------------------|-------|-------| | | | | | | | | | | | | | Third Quarter 2024 Earnings Presentation | | | | November 12, 2024 | | | S E C T I O N T I T L E, 1 0 P T Forward-Looking Statements In this presentation, Light & Wonder, Inc. ("Light & Wonder," "L&W" or the "Company") makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, result ...