EVRI Earnings Prediction
The chart below shows how EVRI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EVRI sees a +1.04% change in stock price 10 days leading up to the earnings, and a -6.21% change 10 days following the report. On the earnings day itself, the stock moves by -0.50%. This data can give you a slight idea of what to expect for the next quarter's release.
EVRI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
189.35M
-5.55%
-1.40%
Gross Margin
62.15%
-2.16%
-0.24%
Operating Margin
13.07%
-49.65%
16.59%
Net Margin
2.41%
-82.79%
143.43%
EPS
0.05
-83.33%
150.00%
No Data Available
EVRI Earnings Analysis
Everi Holdings Inc. Corporation (EVRI.N) Earnings Conference Call
Positive
Strong Leadership Team:
- The company has a strong leadership team including Chief Executive Officer Randy Taylor and Chief Financial Officer Mark Labay.
- The leaders are focused on growth initiatives and are guiding the company through a period of transition with optimism.
Strategic Growth Initiatives:
- The company is investing in research and development and expanding their product lines to diversify and increase game content.
- By merging with IGT's Global Gaming and Play Digital businesses, Everi Holdings Inc. aims to accelerate revenue growth through complementary products and global distribution networks.
Recognition as a Top Workplace:
- Everi Holdings Inc. has been recognized as a top workplace for the third year in a row, highlighting the company's commitment to creating a positive and rewarding work environment.
- This recognition reflects the dedication and hard work of employees, showcasing a strong team culture focused on innovation and customer satisfaction.
Negative
1. Slow transition to new cabinets and content:
- The company has experienced challenges in transitioning to new cabinets and introducing new content, leading to declines in revenue and unit sales in the Games business.
- The slow rollout of new cabinets like Dynasty Sol and Dynasty Vue has impacted the performance of the installed base.
2. Decline in Fintech revenue:
- Despite processing a record number of transactions and delivering funding to customers, Fintech revenue declined 1% year-over-year.
- Revenue growth in financial access services was offset by declines in hardware sales and software revenue, indicating challenges in this segment.
3. High operating expenses and one-time costs:
- Everi incurred significant one-time professional fees, employee retention awards, and other costs related to the planned merger with IGT's Global Gaming and Play Digital businesses.
- This led to a decline in adjusted EBITDA and skewed reported operating expenses, impacting the overall financial performance of the company.
