Everi Hldgs (NYSE:EVRI) reported its Q1 earnings results on Wednesday, May 10, 2023 at 06:30 AM.
Here’s what investors need to know about the announcement.
Earnings
Everi Hldgs beat estimated earnings by 95.45%, reporting an EPS of $0.43 versus an estimate of $0.22.
Revenue was up $24.86 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 0.7% increase in the share price the next day.
Here’s a look at Everi Hldgs’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.24 | 0.34 | 0.33 | 0.28 |
| EPS Actual | 0.28 | 0.30 | 0.33 | 0.31 |
| Revenue Estimate | 197.55M | 194.89M | 180.93M | 168.74M |
| Revenue Actual | 205.36M | 204.32M | 197.22M | 175.62M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Everi Hldgs management provided guidance for FY 2023, expecting earnings between $1.58 and $1.66 per share.
To track all earnings releases for Everi Hldgs visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
