IGT Earnings Prediction
The chart below shows how IGT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IGT sees a -1.07% change in stock price 10 days leading up to the earnings, and a -2.77% change 10 days following the report. On the earnings day itself, the stock moves by +2.28%. This data can give you a slight idea of what to expect for the next quarter's release.
IGT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
587.00M
-2.33%
-44.04%
Gross Margin
44.80%
-3.16%
-7.50%
Operating Margin
25.21%
-7.04%
3.32%
Net Margin
-7.84%
-161.20%
-196.79%
EPS
0.03
-93.48%
-85.71%
No Data Available
IGT Earnings Analysis
International Game Technology PLC Corporation (IGT.N) Earnings Conference Call
Positive
Revenue Surge in 2024: 1. Strong Revenue Growth: IGT generated $1.9 billion in revenue for the first nine months of 2024, driven by sustained growth in Italy and improved trends in instant ticket and draw games in the US.
Strong EBITDA Margin: 2. High Adjusted EBITDA Margin: The company reported an adjusted EBITDA of $880 million for the first nine months of the year, achieving a robust margin of 47.3%.
Strong Cash Flow Performance: 3. Significant Cash Flow Generation: Year-to-date cash flow from operations reached approximately $725 million, with continuing operations contributing two-thirds of this amount, highlighting strong operational performance.
iLottery Sales Increase: 4. iLottery Sales Surge: iLottery sales increased by over 26% in the third quarter, fueled by a growing game portfolio and successful new launches, indicating strong demand in this segment.
Contract Extension Success: 5. Successful Contract Wins: IGT secured a 10-year facilities management contract extension in North Carolina, further solidifying its leadership in the lottery technology space and supporting future growth.
Negative
Same-Store Sales Decline: 1. Decline in Same-Store Sales: Q3 global same-store sales decreased by 6%, primarily due to unfavorable comparisons in US multi-state jackpots.
Multi-State Jackpot Revenue Decline: 2. Drop in US Multi-State Jackpot Revenue: US multi-state jackpot same-store sales fell by 23%, resulting in a revenue decline of $22 million compared to the previous year.
Operating Income Decline: 3. Operating Income Decrease: Year-to-date operating income dropped to $507 million from $555 million in the prior year, largely due to a $38 million pretax restructuring charge.
Adjusted EBITDA Decrease: 4. Adjusted EBITDA Decline: Year-to-date adjusted EBITDA decreased to $880 million from $898 million in the prior year, reflecting a $24 million decline in service gross margin.
Restructuring Charge Effects: 5. Restructuring Charge Impact: The $38 million pretax restructuring charge taken in Q3 equated to a $0.13 per diluted share impact, indicating significant costs associated with the OPtiMa 3.0 initiative.
IGT FAQs
How does IGT typically perform around its earnings report dates?
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IGT Earning Call Sentiment
International Game Technology PLC (IGT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
IGT.N
0.06%Positive
The earnings call reflects mixed signals: positive revenue growth and cash flow, but decreased EBITDA and operating income. The withdrawal of full-year guidance and management's vague responses in the Q&A add uncertainty. However, the $4.05 billion sale and debt reduction are positives. Given the market cap, these factors suggest a neutral stock price movement over the next two weeks.
