Core Viewpoint - Light & Wonder has demonstrated strong financial performance with solid revenue growth, surpassing both top and bottom line estimates, indicating a resilient business model and portfolio strength [2][3][4]. Financial Performance - The company reported net income of $82 million or 90 cents per share for Q2 2024, a significant improvement from a net loss of $1 million or a loss of a penny per share in the same quarter last year [3]. - Total revenues increased to $818 million from $731 million year-over-year, exceeding the consensus estimate of $806 million [4]. - Gaming revenues reached $539 million, reflecting a 14% year-over-year growth, driven by strong sales of gaming machines and demand in gaming operations [5]. Revenue Breakdown - Services revenues rose to $526 million from $496 million in the prior-year quarter, while product sales increased to $292 million from $235 million [4]. - Revenues from SciPlay surged to $205 million, an 8% increase from $190 million, primarily due to the core social casino business [5]. - iGaming revenues grew to $74 million, up 6% year-over-year, supported by growth in North America [5]. Operational Metrics - Non-GAAP consolidated AEBITDA was $330 million, up from $281 million in the year-ago quarter, with an AEBITDA margin increase to 40% from 38% [6]. - Cash generated from operating activities for the first half of 2024 was $312 million, compared to $219 million in the same period last year [7]. Market Position and Outlook - Estimates for Light & Wonder have trended upward, with a consensus estimate shift of 5.97% over the past month [8]. - The company holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [10]. - Light & Wonder's aggregate VGM Score is B, reflecting a solid position in the investment strategy landscape [9].

John Rensten/DigitalVision via Getty Images Light & Wonder, Inc. (NASDAQ:LNW) has continued its great growth momentum even above previously anticipated levels, again exceeding revenue expectations with the recently reported Q2 financials. The reported revenues of $818 million beat Wall Street's estimates by $20.7 million, but the EPS of $0.90 missed by $0.14 despite consistent continued momentum. I believe that there needs to be some caution in extrapolating the growth much further, though. In my previous a ...

Core Insights - Light & Wonder, Inc. reported strong second-quarter 2024 results, with both revenue and net income exceeding expectations, marking the eighth consecutive quarter of double-digit revenue growth, showcasing the company's robust portfolio and business model [1] Financial Performance - Net income for the quarter was $82 million, or 90 cents per share, a significant improvement from a net loss of $1 million, or a loss of one cent per share, in the same quarter last year, primarily driven by revenue growth [2] - Total revenues increased to $818 million from $731 million year-over-year, surpassing the consensus estimate of $806 million, with services revenues rising to $526 million and product sales reaching $292 million [3] - Gaming revenues were $539 million, reflecting a 14% year-over-year increase, supported by sales growth in gaming machines and strong demand in gaming operations and systems [4] Segment Performance - Revenues from SciPlay grew to $205 million from $190 million year-over-year, an 8% increase driven by the core social casino business, with average revenue per daily active user reaching a record-high of $1.04, up 12% year-over-year [4] - iGaming revenues rose to $74 million, a 6% increase from the previous year, fueled by growth in North America [4] Operational Metrics - Non-GAAP consolidated AEBITDA was $330 million, up from $281 million year-over-year, with an AEBITDA margin increasing to 40% from 38% [5] - For the first half of 2024, the company generated $312 million in cash from operating activities, compared to $219 million in the same period last year, with cash and cash equivalents totaling $321 million as of June 30, 2024 [6]

Light & Wonder (LNW) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 36.54%. A quarter ago, it was expected that this instantwin lottery ticket maker would post earnings of $0.70 per share when it actually produced earnings of $0.93, delivering a surprise of 32.86%. Over the last fou ...

The earnings report, which is expected to be released on August 7, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. This instant-win lottery ticket maker is expected to post quarterly earnings of $1.04 per share in its upcoming report, which represents a year-over-year change of +2%. The consensus EPS estimate for the quarter has been revised 0.74% higher over the last 30 days to the current level. This is es ...

Company Overview - Light & Wonder, Inc., formerly known as Scientific Games Corporation, is a leading developer of technology-based products and services for the gaming, social, and digital gaming industries globally. The name change occurred on April 28, 2022, following the sale of the Lottery Business, aligning with its vision of becoming a leading cross-platform global games company [6]. Investment Ratings - Stocks are assigned ratings of A, B, C, D, or F based on value, growth, and momentum characteristics, with A being the highest rating indicating a better chance of outperforming [2]. - A stock with a 1 (Strong Buy) rating has produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [9]. Style Scores - The Zacks Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, which combines all three styles to identify stocks with attractive value, growth forecasts, and momentum [12][23]. - Value investors utilize ratios like P/E, PEG, and Price/Sales to identify discounted stocks, while momentum investors focus on price trends and earnings outlook [8][13]. Earnings Estimates - For fiscal 2024, one analyst revised their earnings estimate higher, with the Zacks Consensus Estimate increasing by $0.03 to $4.18 per share. Light & Wonder also has an average earnings surprise of 82.7% [17]. Current Ratings - Light & Wonder is currently rated 3 (Hold) on the Zacks Rank, with a VGM Score of A, indicating a solid position in the market [21][26].

Zacks Style Scores Overview - Zacks Style Scores are complementary indicators that rate stocks based on three widely-followed investing methodologies: Value, Growth, and Momentum [17] - Each stock is given an alphabetic rating of A, B, C, D, or F based on their value, growth, and momentum qualities, with A being the best [8] - The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank [18] Value Investing - Value investors utilize ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to identify the most attractive and discounted stocks [2] - The Value Style Score helps investors find stocks that are undervalued before the broader market recognizes their true value [2] Growth Investing - Growth investors focus on a company's financial strength, health, and future outlook [9] - The Growth Style Score examines projected and historic earnings, sales, and cash flow to identify stocks with sustainable growth potential [9] Momentum Investing - Momentum investors take advantage of upward or downward trends in a stock's price or earnings outlook [22] - The Momentum Style Score uses factors like one-week price change and monthly percentage change in earnings estimates to determine favorable times to buy high-momentum stocks [22] Zacks Rank and Style Scores - The Zacks Rank employs earnings estimate revisions to make building a winning portfolio easier [14] - To maximize returns, investors should pick stocks with a Zacks Rank 1 or 2 and Style Scores of A or B [11] - Stocks with a 4 (Sell) or 5 (Strong Sell) rating, even with high Style Scores, are likely to have declining earnings forecasts and share prices [24] Light & Wonder (LNW) Analysis - LNW is a 3 (Hold) on the Zacks Rank with a VGM Score of A [16] - The company has a Momentum Style Score of B, and its shares are up 11.3% over the past four weeks [25] - Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024, increasing the Zacks Consensus Estimate by $0.26 to $4.15 per share [6] - LNW boasts an average earnings surprise of 82.7% [6] Zacks Premium Features - Zacks Premium offers access to daily updates of the Zacks Rank, Zacks Industry Rank, Zacks 1 Rank List, Equity Research reports, and Premium stock screens [13] - The service includes the Zacks Style Scores, helping investors become smarter and more self-assured [21] Stock Selection Strategy - Investors should aim to own stocks with a 1 or 2 Rank and Style Scores of A or B to maximize potential returns [5] - The VGM Score helps narrow down companies with the most attractive value, best growth forecast, and most promising momentum [18]

A month has gone by since the last earnings report for Light & Wonder (LNW) . Shares have added about 9.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Light & Wonder due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Light & Wonder Q1 Earnings Top on Solid Revenue ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value ...

Light & Wonder, Inc. (LNW) reported strong first-quarter 2024 results, wherein both the top and bottom lines beat the respective Zacks Consensus Estimate. The Las Vegas-based cross-platform games and entertainment company reported double-digit revenue growth year over year in each of the segments for six consecutive quarters, which exemplified its portfolio strength and resilient business model.Bottom LineNet income for the reported quarter increased to $82 million or 88 cents per share from $22 million or ...