Here's Why Light & Wonder (LNW) is a Strong Value Stock

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].