Unveiling PlayAGS (AGS) Q4 Outlook: Wall Street Estimates for Key Metrics

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]