Gaming company Inspired (NASDAQ: INSE) will be reporting earnings this Thursday afternoon. Here’s what to expect.
Inspired missed analysts’ revenue expectations last quarter, reporting revenues of $60.8 million, down 24.3% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates.
Is Inspired a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Inspired’s revenue to decline 24.2% year on year, a reversal from the 11.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Inspired has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Inspired’s peers in the consumer discretionary - gaming solutions segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Accel Entertainment delivered year-on-year revenue growth of 10.3%, beating analysts’ expectations by 1.4%, and Rush Street Interactive reported revenues up 38.8%, falling short of estimates by 0.7%. Rush Street Interactive traded down 10% following the results.
Read our full analysis of Accel Entertainment’s results here and Rush Street Interactive’s results here.
There has been positive sentiment among investors in the consumer discretionary - gaming solutions segment, with share prices up 4.7% on average over the last month. Inspired is down 4.8% during the same time and is heading into earnings with an average analyst price target of $9.35 (compared to the current share price of $3.79).
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