Light & Wonder (LNW) To Report Earnings Tomorrow: Here Is What To Expect

Gaming products and services provider Light & Wonder (NASDAQ:LNW) will be announcing earnings results tomorrow after market close. Here’s what to expect.

Light & Wonder beat analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $818 million, up 11.9% year on year. It was a slower quarter for the company, with a miss of analysts’ earnings estimates.

Is Light & Wonder a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Light & Wonder’s revenue to grow 12.3% year on year to $820.6 million, in line with the 12.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.03 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Light & Wonder has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 4.4% on average.

Looking at Light & Wonder’s peers in the gaming solutions segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Rush Street Interactive delivered year-on-year revenue growth of 36.6%, beating analysts’ expectations by 11.9%, and DraftKings reported revenues up 38.7%, falling short of estimates by 1.4%. Rush Street Interactive’s stock price was unchanged after the resultswhile DraftKings was up 2.9%.

Read our full analysis of Rush Street Interactive’s results here and DraftKings’s results here.

There has been positive sentiment among investors in the gaming solutions segment, with share prices up 6.4% on average over the last month. Light & Wonder is up 8.4% during the same time and is heading into earnings with an average analyst price target of $117.05 (compared to the current share price of $102.44).

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