Core Viewpoint - Light & Wonder, Inc. is under investigation for potentially misleading investors regarding the success and legality of its DRAGON TRAIN® slot machines, following a court ruling that favored competitor Aristocrat Technologies [1][2][3]. Group 1: Legal Issues - The United States District Court for the District of Nevada granted a preliminary injunction against Light & Wonder, preventing any further commercialization of DRAGON TRAIN® due to allegations of misappropriating trade secrets from Aristocrat Technologies [1][2]. - The court indicated that Aristocrat is "extremely likely to succeed" in proving that Light & Wonder misappropriated its trade secrets during the development of DRAGON TRAIN® [2]. Group 2: Financial Impact - Following the court ruling on September 23, 2024, Light & Wonder's stock price plummeted by $21.97, a decrease of 19%, resulting in a loss of approximately $1.9 billion in shareholder value in just one trading day [2]. Group 3: Investor Actions - Hagens Berman is encouraging investors who have suffered significant losses in Light & Wonder to come forward and submit their losses, as well as to provide any information that may assist in the investigation [1][3].

NEW YORK, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Light & Wonder, Inc. ("L&W" or the "Company") (NASDAQ:LNW) on behalf of L&W stockholders. Our investigation concerns whether L&W has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. In February 2024, Aristocrat Technologies ("Aristocrat") sued L&W in the U.S. D ...

NEW YORK, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Light & Wonder, Inc. ("Light & Wonder" or "the Company") (NASDAQ: LNW). Investors who purchased Light & Wonder securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/LNW. Investigation Details In February 2024, Aristocrat Technologies ("Aristocrat") sued L&W in the U.S. Dis ...

Core Viewpoint - Light & Wonder has demonstrated strong financial performance with solid revenue growth, surpassing both top and bottom line estimates, indicating a resilient business model and portfolio strength [2][3][4]. Financial Performance - The company reported net income of $82 million or 90 cents per share for Q2 2024, a significant improvement from a net loss of $1 million or a loss of a penny per share in the same quarter last year [3]. - Total revenues increased to $818 million from $731 million year-over-year, exceeding the consensus estimate of $806 million [4]. - Gaming revenues reached $539 million, reflecting a 14% year-over-year growth, driven by strong sales of gaming machines and demand in gaming operations [5]. Revenue Breakdown - Services revenues rose to $526 million from $496 million in the prior-year quarter, while product sales increased to $292 million from $235 million [4]. - Revenues from SciPlay surged to $205 million, an 8% increase from $190 million, primarily due to the core social casino business [5]. - iGaming revenues grew to $74 million, up 6% year-over-year, supported by growth in North America [5]. Operational Metrics - Non-GAAP consolidated AEBITDA was $330 million, up from $281 million in the year-ago quarter, with an AEBITDA margin increase to 40% from 38% [6]. - Cash generated from operating activities for the first half of 2024 was $312 million, compared to $219 million in the same period last year [7]. Market Position and Outlook - Estimates for Light & Wonder have trended upward, with a consensus estimate shift of 5.97% over the past month [8]. - The company holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [10]. - Light & Wonder's aggregate VGM Score is B, reflecting a solid position in the investment strategy landscape [9].

John Rensten/DigitalVision via Getty Images Light & Wonder, Inc. (NASDAQ:LNW) has continued its great growth momentum even above previously anticipated levels, again exceeding revenue expectations with the recently reported Q2 financials. The reported revenues of $818 million beat Wall Street's estimates by $20.7 million, but the EPS of $0.90 missed by $0.14 despite consistent continued momentum. I believe that there needs to be some caution in extrapolating the growth much further, though. In my previous a ...

Light & Wonder, Inc. (LNW) reported solid second-quarter 2024 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. The Las Vegas-based cross-platform games and entertainment company reported 8th consecutive quarter of double-digit revenue growth, which exemplified its portfolio strength and resilient business model. Bottom Line Net income in the reported quarter was $82 million or 90 cents per share, against a net loss of $1 million or a loss of a penny per share in the yea ...

Light & Wonder (LNW) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 36.54%. A quarter ago, it was expected that this instantwin lottery ticket maker would post earnings of $0.70 per share when it actually produced earnings of $0.93, delivering a surprise of 32.86%. Over the last fou ...

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]