Scientific Games Corp. First Quarter Earnings Sneak Peek

Scientific Games Corp. (NASDAQ:SGMS) will unveil its latest earnings on Wednesday, May 9, 2012. Scientific Games is a supplier of technology-based products, systems and services to gaming markets worldwide.

Scientific Games Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 5 cents per share, a swing from a loss of 8 cents in the year-earlier quarter. During the past three months, the average estimate has moved down from 7 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 5 cents during the last month. Analysts are projecting profit to rise by 1950% versus last year to 41 cents.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported net loss of 3 cents per share versus a mean estimate of net income of 10 cents per share. In the third quarter of the last fiscal year, the company beat estimates by one cent.

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Wall St. Revenue Expectations: Analysts predict a rise of 16% in revenue from the year-earlier quarter to $228.1 million.

Analyst Ratings: With three analysts rate analysts rating the stock a buy, none rate rating it as a sell, and three rate rating it a hold, analysts are bullish on the stock.

A Look Back: In the fourth quarter of the last fiscal year, the company’s loss narrowed to a loss of $8.5 million (10 cents a share) from a loss of $158.4 million ($1.71) a year earlier, but missed analyst expectations. Revenue rose 12.7% to $239.1 million from $212.1 million.

Key Stats:

On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 0.8% in the third quarter of the last fiscal year before climbing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 7, 2012 and May 3, 2012, the stock price fell $3.01 (-23.5%), from $12.80 to $9.79. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011, when shares rose for six straight days, increasing 7.1% (+69 cents) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight days, dropping 10.9% (-$1.05) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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