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The consumer discretionary segment could offer potential value for contrarian plays on valuation. International Game Technology PLC shows potential for such a valuation repricing in my view at 6.8x trailing NOPAT. Strong Q1 results and revised sentiment could drive multiple expansion and see ~$31 share in my view.
IGT's winning formula for multi-level progressive games continues with Tiger and Dragon performing at 2.89X zone average, leading "Top Indexing NEW Games – Premium Leased and WAP" category LONDON , May 28, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its Tiger and Dragon multi-level progressive ("MLP") game debuted in the number-one position on Eilers & Krejcik's May 2024 US & Canada Game Performance Report in the "Top Indexing NEW Games – Premium Leased & WAP" category. Tiger and Dragon Cash on Reels took the top position by performing at more than 2.8X zone average and Tiger and Dragon Multipliers ranked third for performing at more than 2.5X zone average.
LONDON , May 28, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) today announced that its subsidiary, IGT Global Solutions Corporation, has extended its contracts with the Mississippi Lottery Corporation ("Mississippi Lottery") for an additional three years to continue providing online gaming systems and instant ticket services through Dec. 1, 2029. As part of the agreements, IGT will deploy a mobile convenience app, new GameTouch™ 28 self-service terminals and its Sales Wizard retail automation tool.
Global gaming company International Game Technology PLC NYSE: IGT is best known for supplying a majority of the slot machines in Las Vegas. However, the consumer discretionary sector company has additional revenue streams focusing on lotteries, digital gaming and sports betting.
Global gaming company International Game Technology PLC NYSE: IGT is best known for supplying a majority of the slot machines in Las Vegas. However, the consumer discretionary sector company has additional revenue streams focusing on lotteries, digital gaming and sports betting.
Dazzling new theme introduces innovative mechanics and gameplay features on proven hardware LONDON , May 20, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its new multi-level progressive ("MLP") game, Tiger and Dragon™, recently debuted on casino floors across the U.S. Available on the sleek PeakCurve™49 cabinet, Tiger and Dragon combines new and proven mechanics with high bonus frequencies for an action-packed entertainment experience. "We made a commitment to advancing IGT's game performance with strong multi-level progressive content and leveraged our extensive research and focus group capabilities to achieve this with the award-winning Prosperity Link and Mystery of the Lamp MLP games," said Dubravka Burda, IGT SVP Global Studios.
Casino grows sports betting partnership with IGT PlaySports™ to include technology and services LONDON , May 16, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its IGT PlaySports Trading Advisory Services Team is now supporting sports betting in Michigan via a new services agreement with the Lac Vieux Desert Northern Waters Casino & Resort in Watersmeet. In addition to now leveraging IGT PlaySports' expertise for a range of trading-related services, Northern Waters has powered its sportsbook with IGT's award-winning platform and self-service betting technology since 2021.
Although the revenue and EPS for IGT (IGT) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
International Game Technology (IGT) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.49 per share a year ago.
Evaluate the expected performance of IGT (IGT) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.