International Game Technology (NYSE: IGT ) is expected to report Q1 earnings around Jan. 22. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict International Game Technology's revenues will grow 17.8% and EPS will grow 41.2%.
The average estimate for revenue is $524.9 million. On the bottom line, the average EPS estimate is $0.24.
Last quarter, International Game Technology tallied revenue of $631.1 million. GAAP reported sales were 17% higher than the prior-year quarter's $539.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.38. GAAP EPS of $0.32 for Q4 were 78% higher than the prior-year quarter's $0.18 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 58.5%, 330 basis points better than the prior-year quarter. Operating margin was 28.9%, 450 basis points better than the prior-year quarter. Net margin was 14.0%, 410 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.30 billion. The average EPS estimate is $1.24.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 655 members out of 697 rating the stock outperform, and 42 members rating it underperform. Among 178 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 171 give International Game Technology a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on International Game Technology is outperform, with an average price target of $16.53.
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