International Game Technology: The Jackpot's Smaller--But Still Worth The Gamble
IGT's Q1 FY 2025 double-miss and lowered guidance have narrowed upside, but the stock remains undervalued versus peers. Lottery tailwinds, strong iLottery growth, and disciplined debt management support ongoing free cash flow and capital returns. I'm reducing my price target from $25 to $21.50–$22, reflecting a more cautious outlook but still projecting a 27–30% upside.
International Game Technology PLC (IGT) Q1 2025 Earnings Call Transcript
International Game Technology PLC (NYSE:IGT ) Q1 2025 Earnings Conference Call May 13, 2025 8:00 AM ET Company Participants Jim Hurley - Investor Relations Vince Sadusky - Chief Executive Officer; Executive Director Max Chiara - Executive Vice President and Chief Financial Officer; Executive Director Conference Call Participants Jeff Stantial - Stifel Barry Jonas - Truist Chad Beynon - Macquarie David Katz - Jefferies Domenico Ghilotti - Equita Joe Stauff - Susquehanna Operator Thank you for standing by. And welcome to the International Game Technology First Quarter 2025 Earnings Conference Call.
International Game Technology: Lottery King Back To Basics
International Game Technology's strategic shift to focus on its core lottery business, divesting digital operations, significantly reduces debt and enhances shareholder value. The company's lottery management model guarantees long-term contracts, providing stability and consistent cash flow, positioning it as a market leader. Despite a slight decline in overall sales, lottery revenues remain strong, with growth in iLottery and international markets, particularly Italy.
International Game Technology PLC (IGT) Q4 2024 Earnings Call Transcript
International Game Technology PLC (IGT) Q4 2024 Earnings Call Transcript
International Game Technology PLC (IGT) Q3 2024 Earnings Call Transcript
International Game Technology PLC (NYSE:IGT ) Q3 2024 Earnings Call Transcript November 12, 2024 8:00 AM ET Company Participants James Hurley - SVP of IR Vince Sadusky - CEO Max Chiara - CFO Conference Call Participants Patrick Keough - Truist Jeff Stantial - Stifel David Katz - Jefferies Joe Stauff - Susquehanna Domenico Ghilotti - Equita Operator Hello, and welcome to the International Game Technology Third Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any background noise.
International Game Technology PLC (IGT) Q2 2024 Earnings Call Transcript
International Game Technology PLC (NYSE:IGT ) Q2 2024 Earnings Conference Call July 30, 2024 8:00 AM ET Company Participants James Hurley - Senior Vice President, Investor Relations Vince Sadusky - Chief Executive Officer Max Chiara - Chief Financial Officer Conference Call Participants Jeffrey Stantial - Stifel Barry Jonas - Truist Securities Chad Beynon - Macquarie David Katz - Jefferies Joe Stauff - Susquehanna David Hargreaves - Barclays Operator Thank you for standing by, and welcome to the International Game Technology Second Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
IGT (IGT) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for IGT (IGT) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
International Game Technology (IGT) Tops Q2 Earnings Estimates
International Game Technology (IGT) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.45 per share a year ago.
Will IGT (IGT) Beat Estimates Again in Its Next Earnings Report?
IGT (IGT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
IGT and Everi rally on $6.3 billion acquisition deal with Apollo
International Game Technology PLC's stock IGT, +0.10% was up by nearly 18% and Everi Holdings Inc.'s stock EVRI, +4.70% was up by nearly 32% in premarket trading after the two lottery companies agreed to be acquired simultaneously by a new holding company owned by affiliates of Apollo Global Management Inc. APO, -0.05%. The all-cash deal values the gaming businesses at about $6.3 billion on a combined basis.
Does IGT (IGT) Have the Potential to Rally 30.81% as Wall Street Analysts Expect?
The consensus price target hints at a 30.8% upside potential for IGT (IGT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Should Value Investors Buy International Game Technology (IGT) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
