Everi (US:EVRI) ZACKS·2024-11-06 16:05Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Everi Holdings due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Everi Holdings is expected to report quarterly earnings of $0.16 per share, reflecting a year-over-year decrease of 63.6% [3]. - Revenue projections stand at $199.13 million, indicating a decline of 3.6% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 1.25% higher in the last 30 days, suggesting a slight positive reassessment by analysts [4]. - The Most Accurate Estimate for Everi Holdings is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -49.37%, indicating a bearish outlook from analysts [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likelihood of actual earnings deviating from consensus estimates, with positive readings being more predictive of earnings beats [6][7]. - A positive Earnings ESP combined with a Zacks Rank of 1, 2, or 3 has shown a nearly 70% success rate for predicting earnings beats [8]. Historical Performance - In the last reported quarter, Everi Holdings met the expected earnings of $0.11 per share, resulting in no surprise [11]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [12]. Conclusion - Everi Holdings does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when making decisions regarding the stock ahead of the earnings release [15].