Gaming products and services provider Light & Wonder (NASDAQ:LNW) will be announcing earnings results this Wednesday afternoon. Here’s what to expect.
Light & Wonder missed analysts’ revenue expectations by 4.4% last quarter, reporting revenues of $809 million, down 1.1% year on year. It was a softer quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EPS estimates.
Is Light & Wonder a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Light & Wonder’s revenue to grow 4% year on year to $849.8 million, slowing from the 11.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.33 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Light & Wonder has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Light & Wonder’s peers in the gaming solutions segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Rush Street Interactive delivered year-on-year revenue growth of 19.7%, beating analysts’ expectations by 4.3%, and PlayStudios reported a revenue decline of 19.1%, falling short of estimates by 3%. Rush Street Interactive traded down 6.8% following the results.
Read our full analysis of Rush Street Interactive’s results here and PlayStudios’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the gaming solutions stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.4% on average over the last month. Light & Wonder is down 9.7% during the same time and is heading into earnings with an average analyst price target of $105.85 (compared to the current share price of $74.99).
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