International Game Technology Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component International Game Technology (NYSE:IGT) will unveil its latest earnings on Tuesday, November 8, 2011. International Game Technology is a global gaming company that designs, manufactures and markets electronic gaming equipment and systems products.

International Game Technology Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 23 cents per share, a rise of 27.8% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting profit of 93 cents per share, a rise of 9.4% from last year.

Past Earnings Performance: Last quarter, the company reported net income of 26 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: On average, analysts predict $484.8 million in revenue this quarter, a decline of 2.3% from the year ago quarter. Analysts are forecasting total revenue of $1.94 billion for the year, a decline of 2.5% from last year’s revenue of $1.99 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, none rating it as a sell and eight rating it as a hold.

A Look Back: In the third quarter, profit fell 5.6% to $86.9 million (29 cents a share) from $92.1 million (31 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 0.1% to $489 million from $489.7 million.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 0.4% in the second quarter from the year earlier, dropped 9.9% in first quarter from the year-ago quarter and 3.9% in the fourth quarter of the last fiscal year.

Competitors to Watch: WMS Industries Inc. (NYSE:WMS), Shuffle Master, Inc. (NASDAQ:SHFL), Multimedia Games, Inc. (NASDAQ:MGAM), GameTech International (NASDAQ:GMTC), Scientific Games Corp. (NASDAQ:SGMS), Bally Technologies Inc. (NYSE:BYI) and Gaming Partners Intl. Corp. (NASDAQ:GPIC).

Stock Price Performance: During October 5, 2011 to November 2, 2011, the stock price had risen $2.79 (19.1%) from $14.63 to $17.42. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 16, 2011 when shares rose for six-straight days, rising 9.9% (+$1.37) over that span. It saw one of its worst periods between February 9, 2011 and February 24, 2011 when shares fell for 11-straight days, falling 10.7% (-$1.89) over that span. Shares are down 7 cents (-0.4%) year to date.

(Source: Xignite Financials)

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