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.

View single page >> |

Disclaimer: Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.