The earnings report, which is expected to be released on August 7, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. This instant-win lottery ticket maker is expected to post quarterly earnings of $1.04 per share in its upcoming report, which represents a year-over-year change of +2%. The consensus EPS estimate for the quarter has been revised 0.74% higher over the last 30 days to the current level. This is es ...

Company Overview - Light & Wonder, Inc., formerly known as Scientific Games Corporation, is a leading developer of technology-based products and services for the gaming, social, and digital gaming industries globally. The name change occurred on April 28, 2022, following the sale of the Lottery Business, aligning with its vision of becoming a leading cross-platform global games company [6]. Investment Ratings - Stocks are assigned ratings of A, B, C, D, or F based on value, growth, and momentum characteristics, with A being the highest rating indicating a better chance of outperforming [2]. - A stock with a 1 (Strong Buy) rating has produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [9]. Style Scores - The Zacks Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, which combines all three styles to identify stocks with attractive value, growth forecasts, and momentum [12][23]. - Value investors utilize ratios like P/E, PEG, and Price/Sales to identify discounted stocks, while momentum investors focus on price trends and earnings outlook [8][13]. Earnings Estimates - For fiscal 2024, one analyst revised their earnings estimate higher, with the Zacks Consensus Estimate increasing by $0.03 to $4.18 per share. Light & Wonder also has an average earnings surprise of 82.7% [17]. Current Ratings - Light & Wonder is currently rated 3 (Hold) on the Zacks Rank, with a VGM Score of A, indicating a solid position in the market [21][26].

Zacks Style Scores Overview - Zacks Style Scores are complementary indicators that rate stocks based on three widely-followed investing methodologies: Value, Growth, and Momentum [17] - Each stock is given an alphabetic rating of A, B, C, D, or F based on their value, growth, and momentum qualities, with A being the best [8] - The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank [18] Value Investing - Value investors utilize ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to identify the most attractive and discounted stocks [2] - The Value Style Score helps investors find stocks that are undervalued before the broader market recognizes their true value [2] Growth Investing - Growth investors focus on a company's financial strength, health, and future outlook [9] - The Growth Style Score examines projected and historic earnings, sales, and cash flow to identify stocks with sustainable growth potential [9] Momentum Investing - Momentum investors take advantage of upward or downward trends in a stock's price or earnings outlook [22] - The Momentum Style Score uses factors like one-week price change and monthly percentage change in earnings estimates to determine favorable times to buy high-momentum stocks [22] Zacks Rank and Style Scores - The Zacks Rank employs earnings estimate revisions to make building a winning portfolio easier [14] - To maximize returns, investors should pick stocks with a Zacks Rank 1 or 2 and Style Scores of A or B [11] - Stocks with a 4 (Sell) or 5 (Strong Sell) rating, even with high Style Scores, are likely to have declining earnings forecasts and share prices [24] Light & Wonder (LNW) Analysis - LNW is a 3 (Hold) on the Zacks Rank with a VGM Score of A [16] - The company has a Momentum Style Score of B, and its shares are up 11.3% over the past four weeks [25] - Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024, increasing the Zacks Consensus Estimate by $0.26 to $4.15 per share [6] - LNW boasts an average earnings surprise of 82.7% [6] Zacks Premium Features - Zacks Premium offers access to daily updates of the Zacks Rank, Zacks Industry Rank, Zacks 1 Rank List, Equity Research reports, and Premium stock screens [13] - The service includes the Zacks Style Scores, helping investors become smarter and more self-assured [21] Stock Selection Strategy - Investors should aim to own stocks with a 1 or 2 Rank and Style Scores of A or B to maximize potential returns [5] - The VGM Score helps narrow down companies with the most attractive value, best growth forecast, and most promising momentum [18]

A month has gone by since the last earnings report for Light & Wonder (LNW) . Shares have added about 9.1% in that time frame, outperforming 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 drivers. Light & Wonder Q1 Earnings Top on Solid Revenue ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value ...

Light & Wonder, Inc. (LNW) reported strong first-quarter 2024 results, wherein both the top and bottom lines beat the respective Zacks Consensus Estimate. The Las Vegas-based cross-platform games and entertainment company reported double-digit revenue growth year over year in each of the segments for six consecutive quarters, which exemplified its portfolio strength and resilient business model.Bottom LineNet income for the reported quarter increased to $82 million or 88 cents per share from $22 million or ...

Financial Data and Key Metrics Changes - Consolidated revenue increased 13% year-over-year to $756 million, with operating income rising 62% to $165 million, primarily due to higher revenue and healthy margins [45][46] - Adjusted NPATA increased 22% year-over-year to $105 million, reflecting strong revenue growth across all businesses [46] - Consolidated AEBITDA grew 13% to $281 million, resulting in a consolidated AEBITDA margin of 37% for the quarter [63][64] Business Line Data and Key Metrics Changes - Gaming revenue grew 14% year-over-year to $476 million, driven by strong global gaming machine sales and gains across gaming operations and systems [65] - SciPlay delivered record revenue, up 11% year-over-year to $206 million, supported by robust player engagement and monetization [69] - iGaming revenue increased 14% year-over-year to a record $74 million, driven by strong content launches and market expansion [85] Market Data and Key Metrics Changes - North American premium installed base grew for 15 consecutive quarters, now representing 49% of the North American in-store base [32] - Average monthly revenue per paying user in SciPlay reached nearly $114, an increase of 17% compared to the prior year [73] - Wagers processed through the iGaming OGS platform increased 10% year-over-year to a record $22.4 billion [86] Company Strategy and Development Direction - The company aims to continue executing its capital allocation strategy, focusing on share buybacks and organic investments [8][19] - The strategy emphasizes building great franchises across three channels, with a focus on cross-platform opportunities [11][12] - The company is committed to enhancing its direct-to-consumer platform, which generated approximately 6% of revenues in the first quarter [60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the $1.4 billion revenue target, citing strong operating momentum and a solid pipeline of opportunities [151][152] - The company remains focused on maintaining strong margins while investing in growth initiatives and R&D [162] - Management noted that the gaming industry is resilient, with healthy consumer demand fueling impressive growth [51] Other Important Information - The company repurchased $25 million of shares during the quarter, totaling approximately $600 million or 80% of the $750 million authorized program [89] - The company had approximately $1.2 billion of available liquidity at the end of the quarter, including $450 million in cash [87] Q&A Session Summary Question: What is the growth trajectory for SciPlay and the DTC platform? - Management highlighted SciPlay's consistent market share gains and expects the DTC platform to ramp up significantly, aiming for higher revenue contributions over time [91][105] Question: Can you elaborate on unit sales and adjacent market opportunities? - Management discussed strong year-over-year growth in unit sales and the potential for significant contributions from adjacent markets in 2024 [95][111] Question: How is slot demand globally and what is the forward order visibility? - Management indicated improving game quality and a solid order book, with discrete opportunities in adjacent markets providing stability [134] Question: What are the expectations for free cash flow conversion? - Management expects annual conversion rates to trend favorably, despite some seasonality in cash flow levels [139] Question: What is the company's approach to M&A? - Management stated that while they are open to M&A opportunities that align with their core business, they are not in a hurry to complicate the portfolio [142]

Light & Wonder (LNW) reported $756 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 12.8%. EPS of $0.93 for the same period compares to $0.23 a year ago.The reported revenue represents a surprise of +3.28% over the Zacks Consensus Estimate of $732.01 million. With the consensus EPS estimate being $0.70, the EPS surprise was +32.86%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

Light & Wonder (LNW) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 32.86%. A quarter ago, it was expected that this instant-win lottery ticket maker would post earnings of $0.76 per share when it actually produced earnings of $0.73, delivering a surprise of -3.95%.Over the last four ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-11693 LIGHT & WONDER, INC. (Exact name of registrant as specified in its charter) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Washington, D.C. 20549 Nevada 81-0422894 (State or other jurisdiction of incorp ...