Here's What Key Metrics Tell Us About Light & Wonder (LNW) Q1 Earnings
Light & Wonder (LNW) reported $756 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 12.8%. EPS of $0.93 for the same period compares to $0.23 a year ago.
The reported revenue represents a surprise of +3.28% over the Zacks Consensus Estimate of $732.01 million. With the consensus EPS estimate being $0.70, the EPS surprise was +32.86%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Light & Wonder performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- SciPlay: $206 million versus the three-analyst average estimate of $213.95 million. The reported number represents a year-over-year change of +10.8%.
Revenue- Gaming: $476 million compared to the $452 million average estimate based on three analysts. The reported number represents a change of +13.6% year over year.
Revenue- iGaming: $74 million versus the three-analyst average estimate of $73.88 million. The reported number represents a year-over-year change of +13.9%.
AEBITDA- Gaming: $232 million versus the three-analyst average estimate of $225.92 million.
AEBITDA- Corporate: -$38 million versus -$38.91 million estimated by three analysts on average.
AEBITDA- iGaming: $25 million versus $25.49 million estimated by three analysts on average.
AEBITDA- SciPlay: $62 million compared to the $64.47 million average estimate based on three analysts.
View all Key Company Metrics for Light & Wonder here>>>
Shares of Light & Wonder have returned -1.5% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Light & Wonder, Inc. (LNW) : Free Stock Analysis Report
