LNW trades 32% below its 1-year peak despite sound fundamentals. Company plans to delist from NASDAQ, listing only in Australia. Positive revenue growth of 11.7% averaged over the last 3 years. Robust cash flow and operating margins observed despite market fluctuations. Stocks like LNW have historically shown resilience against market downturns.
- LNW reported strong first-quarter 2024 results, beating Zacks estimates for revenue and net income. - Revenues rose to $756 million, with double-digit growth in all segments for six consecutive quarters. - Gaming revenues increased by 14% year over year to $476 million, with strong demand trends. Price Impact Rating: Bullish Impact Horizon Rating: Short-term Type: Earnings
- LNW reported quarterly earnings of $0.93 per share, beating estimates by 32.86%. - Revenues for LNW were $756 million, surpassing estimates by 3.28%. - LNW shares have gained 19.2% this year, outperforming the market. - The Zacks Rank for LNW is currently #1 (Strong Buy). - The Gaming industry is ranked in the bottom 42% of Zacks industries. Price Impact Rating: Very bullish Impact Horizon Rating: Short-term Type: Earnings