Everi (US:EVRI) ZACKS·2024-08-06 15:05Core Viewpoint - The market anticipates a year-over-year decline in earnings for Everi Holdings (EVRI) due to lower revenues, with a focus on how actual results will compare to estimates [1][3]. Earnings Expectations - Everi Holdings is expected to report quarterly earnings of $0.15 per share, reflecting a decline of 63.4% year-over-year [3]. - Revenue projections stand at $191.7 million, which is an 8.2% decrease from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 12% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Everi Holdings is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -17.81% [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a strong predictive power for positive readings [7][8]. - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have historically produced a positive surprise nearly 70% of the time [8]. Historical Performance - In the last reported quarter, Everi Holdings was expected to post earnings of $0.17 per share but only achieved $0.05, resulting in a surprise of -70.59% [11]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [12]. Investment Considerations - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [13]. - Everi Holdings does not currently appear to be a compelling candidate for an earnings beat, suggesting caution for potential investors [15].