Workflow
Playtika (PLTK) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
PlaytikaPlaytika(US:PLTK) ZACKS·2024-08-06 14:20

Core Insights - Wall Street analysts expect Playtika Holding (PLTK) to report quarterly earnings of $0.17 per share, reflecting a year-over-year decline of 19.1% [1] - Revenue projections stand at $642.15 million, indicating a slight decrease of 0.1% compared to the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the past 30 days, suggesting analysts have reassessed their initial projections [1] Earnings Estimates and Investor Reactions - Changes in earnings estimates are crucial for predicting investor reactions to stock performance [2] - Empirical research indicates a strong correlation between earnings estimate revisions and short-term stock price performance [2] Key Metrics Analysis - Analysts project 'Average Daily Payer Conversion' at 3.6%, consistent with the same quarter last year [4] - 'Average Monthly Active Users (MAUs)' are expected to reach 31.35 million, up from 28.3 million year-over-year [4] - 'Average Daily Active Users (DAUs)' are estimated at 8.85 million, slightly higher than the previous year's figure of 8.6 million [4] Stock Performance - Playtika shares have decreased by 5.4% over the past month, compared to a 6.7% decline in the Zacks S&P 500 composite [5] - With a Zacks Rank of 4 (Sell), PLTK is anticipated to underperform the overall market in the near future [5]