Core Insights - Wall Street analysts anticipate PlayAGS (AGS) to report quarterly earnings of $0.02 per share, reflecting a year-over-year decline of 66.7% while revenues are expected to reach $93.3 million, an increase of 14.1% from the previous year [1] - The consensus EPS estimate has been revised upward by 25% over the past 30 days, indicating a reassessment of initial projections by analysts [1] - Changes in earnings estimates are critical for predicting investor reactions to the stock, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock price performance [1] Revenue and Key Metrics - Analysts project 'Revenues- EGM' to be approximately $85.70 million, representing a year-over-year increase of 13.8% [2] - The estimate for 'Revenues- Table Products' is expected to be $4.65 million, indicating a year-over-year growth of 19.5% [2] - 'Adjusted EBITDA- EGM' is forecasted to be $38.50 million, up from $34.41 million reported in the same quarter last year [2] Stock Performance - PlayAGS shares have increased by 6.4% over the past month, outperforming the Zacks S&P 500 composite, which rose by 3.9% [3] - With a Zacks Rank of 3 (Hold), AGS is expected to closely follow overall market performance in the near term [3]

PlayAGS (AGS) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on March 5, 2024, might help the stock move higher if these key numbers are better than expecta ...

LAS VEGAS, Feb. 13, 2024 (GLOBE NEWSWIRE) -- PlayAGS, Incorporated (NYSE: AGS) ("AGS" or the "Company") today announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2023, after the market close on Tuesday, March 5, 2024. The Company will host an investor conference call and live webcast the same day at 5 p.m. EST to further discuss its fourth quarter and full year financial performance. The Company encourages participants to pre-register for the conference ...

LAS VEGAS, Feb. 13, 2024 (GLOBE NEWSWIRE) -- PlayAGS, Incorporated (NYSE:AGS) ("AGS" or the "Company") today announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2023, after the market close on Tuesday, March 5, 2024. The Company will host an investor conference call and live webcast the same day at 5 p.m. EST to further discuss its fourth quarter and full year financial performance. The Company encourages participants to pre-register for the conference c ...

LAS VEGAS, Feb. 08, 2024 (GLOBE NEWSWIRE) -- PlayAGS, Inc. (NYSE:AGS), a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry, today announced a partnership with EQL Games, a leading iLottery supplier and content aggregator. AGSi, AGS' Interactive division, will partner with EQL Games to provide its robust library of unique and engaging real-money online games to U.S. and Canadian iLottery players. "We are excited for the opportunity to break ...

Core Viewpoint - PlayAGS, Inc. has successfully completed a repricing of its term loan credit facility, reducing the interest rate to SOFR plus 3.75% and repaying $15 million of its total debt, which is expected to save over $3 million in annualized cash interest expenses [1][2]. Group 1: Financial Transactions - The repricing of the term loan credit facility removes the credit spread adjustment and lowers the interest rate to SOFR plus 3.75% [1]. - The company has elected to repay $15 million of its total debt outstanding [1]. - The combination of repricing and voluntary repayment is estimated to produce annualized cash interest expense savings of over $3 million [1]. Group 2: Management Commentary - The Chief Financial Officer, Kimo Akiona, emphasized the company's focus on reducing net leverage through consistent Adjusted EBITDA growth and improving free cash flow conversion [2]. - The recent transactions are aimed at expediting the achievement of the company's near and intermediate-term deleveraging objectives [2]. Group 3: Company Overview - AGS is a global company that creates a diverse mix of gaming experiences, primarily rooted in the Class II tribal gaming market [3]. - The company has expanded to become a comprehensive commercial gaming equipment supplier, offering high-performing Class II and Class III slot products, an extensive table products portfolio, and real-money gaming solutions [3].

PlayAGS (AGS) shares rallied 8.7% in the last trading session to close at $8.99. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.9% loss over the past four weeks.Shares of PlayAGS moved up following the announcement of its preliminary fourth-quarter results alongside plans to investigate debt refinancing/repayment. The company anticipates Q4 revenues to be between $92.5 million and $94.5 million, with adjus ...

LAS VEGAS, Jan. 29, 2024 (GLOBE NEWSWIRE) -- PlayAGS, Inc. (NYSE:AGS) ("AGS" or the "Company") today announced plans to explore a refinancing of its term loan credit facility, which may include decreasing the interest rate required to be paid under such facility. Additionally, the Company could look to voluntarily repay up to $15 million of its total debt outstanding in conjunction with the refinancing transaction. On January 29, 2024, the Company made available a presentation to potential lenders, which in ...

PlayAGS, Inc. (NYSE:AGS) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Brad Boyer - Senior Vice President, Investor Relations David Lopez - President and Chief Executive Officer Kimo Akiona - Chief Financial Officer Conference Call Participants Jordan Bender - Citizens JMP Securities David Katz - Jefferies Jeff Stantial - Stifel Chad Beynon - Macquarie Operator Hello, everyone. And welcome today call tilted PlayAGS Third Quarter 2023 Earnings Conference Call. My name is A ...

Q3 2023 Investor Update November 7, 2023 Cautionary Note Regarding Forward-Looking Statements This presentation contains statements that constitute forward-looking statements which involve risks and uncertainties, including such risks and uncertainties related to the effects of COVID-19 on the Company's business and results of operations and other factors set forth in the Annual Report on Form 10-K of PlayAGS, Inc. ("AGS" or the "Company") filed with the U.S. Securities and Exchange Commission (the "SEC") b ...