Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Light & Wonder successfully turned around by selling lottery and sports betting divisions, reducing debt, and focusing on digital gaming, resulting in a 900% stock price increase. Post-restructuring, Light & Wonder's margins improved significantly, with gross margins jumping from 60% to 70% and EBIT margins from the early teens to the low twenties. Despite strong fundamentals and growth, Light & Wonder appears slightly overvalued compared to industry peers, suggesting a 'Hold' rating with a price target of $85.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
LNW reports top-line growth year over year in the fourth quarter of 2024, backed by solid demand trends across several segments.
Light & Wonder, Inc. (LNW) Q4 2024 Earnings Call Transcript
Although the revenue and EPS for Light & Wonder (LNW) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Light & Wonder (LNW) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $0.73 per share a year ago.
Light & Wonder (LNW) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Besides Wall Street's top -and-bottom-line estimates for Light & Wonder (LNW), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
This buyout of Grover Charitable Gaming is likely to boost LNW's commercial prospects in the fast-growing charitable gaming space.
Light & Wonder (LNW) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.