International Game Technology First Quarter Earnings Sneak Peek
S&P 500 (NYSE:SPY) component International Game Technology (NYSE:IGT) will unveil its latest earnings tomorrow, Tuesday, January 22, 2013. International Game Technology is a global gaming company that designs, manufactures and markets electronic gaming equipment and systems products.
International Game Technology Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of 24 cents per share, a rise of 41.2% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 23 cents during the last month. Analysts are projecting profit to rise by 19.2% versus last year to $1.24.
Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of 38 cents per share against a mean estimate of profit of 32 cents per share. In the third quarter of the last fiscal year, it missed forecasts by 5 cents.
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A Look Back: In the fourth quarter of the last fiscal year, profit rose 65% to $88.1 million (32 cents a share) from $53.4 million (17 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 16.9% to $631.1 million from $539.8 million.
Here’s how International Game Technology traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: