- The company’s adjusted EPS from continuing operations was reported at 22 cents, missing the estimate of 30 cents.
- Adjusted EBITDA from continuing operations was $290 million, exceeding the estimate of $285.3 million.
- The adjusted EBITDA margin from continuing operations stood at 44.5%, surpassing the estimate of 41.6%.
- Revenue from continuing operations came in at $651 million, slightly below the estimate of $657.8 million.
- Operating income from continuing operations was $179 million, marginally above the estimate of $177 million.
- Free cash flow from continuing operations reached $154 million, significantly higher than the estimate of $126.6 million.
- For the year forecast, the company anticipates adjusted EBITDA from continuing operations ranging from $1.10 billion to $1.15 billion, under the estimate of $1.17 billion.
- Projected revenue from continuing operations is expected to be between $2.55 billion and $2.65 billion, aligning with the estimate of $2.55 billion.
- Max Chiara, CFO of IGT, remarked on the company’s solid financial results for 2024, highlighting robust cash flow generation, debt reduction, and capital returns to shareholders.
- The company has current analyst ratings of 3 buys, 4 holds, and no sells.
International Game Technology Ordinary Shares on Smartkarma
Analysts on Smartkarma are bullish on International Game Technology Ordinary Shares, with positive reports from Baptista Research highlighting key drivers for the company’s growth. In one report titled “Cost Optimization & Efficiency Initiatives As A Key Instrument for Accelerating Margin Expansion!”, Baptista Research notes a mixed picture in the latest financial results, emphasizing strong revenue generation of $1.9 billion and a solid profit margin with an adjusted EBITDA of $880 million. The report underscores the company’s operational efficiency and stability in its core lottery business.
Another report by Baptista Research titled “Enhanced iLottery & International Growth!” focuses on IGT’s strong performance in revenue and operational metrics, particularly in Q2 2024. With revenue of $1.05 billion and an operating income of $230 million, IGT displayed impressive financial results. The report highlights a notable improvement in the operating income margin, showcasing the company’s resilience and growth potential in the gaming industry.
A look at International Game Technology Ordinary Shares Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
International Game Technology Ordinary Shares present a mixed outlook based on the Smartkarma Smart Scores analysis. With a favorable Dividend score of 4, investors can expect a decent return in the form of dividends. The Value score of 3 indicates that the stock is reasonably priced compared to its intrinsic value. However, the Resilience score of 2 suggests that the company may face challenges in remaining stable in adverse market conditions. The Growth and Momentum scores of 3 each hint at a moderate pace of expansion and movement in the stock price. Overall, International Game Technology’s shares show potential for steady returns but may encounter some hurdles in maintaining stability.
International Game Technology PLC specializes in designing, producing, and distributing computerized gaming equipment, software, and network systems, including slot machines and interactive gaming machines. The company also offers maintenance services for its products. Smartkarma Smart Scores indicate that International Game Technology Ordinary Shares have a balanced mix of dividend yield, value, growth prospects, and stock momentum. Investors should consider these factors in their decision-making process regarding the long-term investment opportunities presented by International Game Technology PLC.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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