2 Top Stocks That Standout In The Gambling Industry

SGMS’ adjusted EBITDA increased 35% year-over-year to $270 million for its fiscal first quarter, ended March 31. Its operating income came in at $81 million compared to a $32 million operating loss in the prior year period. Its net loss decreased 146% year-over-year to $9 million. The company’s loss per share decreased 90.5% year-over-year to $0.16.

Analysts expect SGMS’ EPS to be $1.94 in its fiscal year 2022, which represents a 687.9% year-over-year increase. Its revenue is expected to increase 42.2% year-over-year to $766.48 million for the current quarter, ending June 30, 2021. The stock has surged 366.2% over the past year to close yesterday’s trading session at $66.69.

SGMS’ strong fundamentals are reflected in its POWR Ratings. The stock has an overall B rating, which equates to Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.

SGMS has a B grade for Growth and Quality. We have also graded SGMS for Value, Momentum, Sentiment, and Stability. Click here to access all of SGMS’ ratings. SGMS is ranked #8 of 30 stocks in the Entertainment – Casinos/Gambling industry.

International Game Technology PLC (IGT)

Headquartered in London, IGT provides gaming technology products and services worldwide. It operates through two segments: Global Lottery and Global Gaming. The company designs, sells, operates, and leases a suite of point-of-sale machines and provides online lottery transaction processing systems, among others.

On May 24, IGT announced that it has expanded its historical horse racing (HHR) portfolio to include performance-driving Wheel of Fortune-themed games. It is the first licensed theme IGT has introduced into the HHR market. This should increase its revenue in the near term.

IGT’s revenue increased 25% year-over-year to $1.01 billion for its fiscal first quarter, ended March 31. Its operating income was $260 million compared to a $218 million operating loss in the prior-year period, while its adjusted EBITDA increased 72% year-over-year to $450 million. The company’s EPS was $0.38 compared to a $1.28 loss per share in the year-ago period.

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