Zacks: Brokerages Expect PlayAGS (AGS) to Post -$0.21 Earnings Per Share
Brokerages forecast that PlayAGS (NYSE:AGS) will post earnings of ($0.21) per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for PlayAGS’s earnings, with estimates ranging from ($0.33) to ($0.13). The business is expected to report its next quarterly earnings report on Wednesday, June 13th.
According to Zacks, analysts expect that PlayAGS will report full year earnings of ($0.29) per share for the current fiscal year, with EPS estimates ranging from ($0.37) to ($0.22). For the next fiscal year, analysts forecast that the firm will post earnings of $0.50 per share, with EPS estimates ranging from $0.19 to $0.70. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow PlayAGS.
PlayAGS (NYSE:AGS) last posted its earnings results on Wednesday, March 14th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.05). The business had revenue of $57.66 million during the quarter, compared to analysts’ expectations of $55.50 million. During the same quarter last year, the business earned ($0.87) EPS. The business’s revenue for the quarter was up 34.9% on a year-over-year basis.
Shares of AGS stock traded up $0.24 during midday trading on Thursday, reaching $21.56. 42,310 shares of the stock were exchanged, compared to its average volume of 196,157. PlayAGS has a 1 year low of $16.66 and a 1 year high of $23.69. The company has a debt-to-equity ratio of -23.06, a quick ratio of 1.33 and a current ratio of 1.89. The company has a market capitalization of $733.92 and a price-to-earnings ratio of -11.05.
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PlayAGS, Inc designs and supplies electronic gaming machines (EGMs), and other products and services for the gaming industry in the United States and internationally. It operates in three segments: EGMs, Table Products, and Interactive. The EGM segment offers various video slot titles, which include ICON, Halo, Colossal Diamonds cabinet, and Orion; and conversion kits that allow existing game titles to be converted to other game titles offered within that operating platform.
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