Gaming company Inspired (NASDAQ:INSE) will be announcing earnings results tomorrow before the bell. Here’s what investors should know.
Inspired missed analysts’ revenue expectations by 3.8% last quarter, reporting revenues of $78 million, down 20% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income and EPS estimates.
Is Inspired a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Inspired’s revenue to decline 2.9% year on year to $78.84 million, a reversal from the 6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.15 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Inspired has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Inspired’s peers in the gaming solutions segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Rush Street Interactive delivered year-on-year revenue growth of 31.1%, beating analysts’ expectations by 3.4%, and DraftKings reported revenues up 13.2%, falling short of estimates by 0.9%. Rush Street Interactive traded down 15.3% following the results while DraftKings was up 15.2%.
Read our full analysis of Rush Street Interactive’s results here and DraftKings’s results here.
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