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Everi Holdings Inc (EVRI)
NYSE:EVRI
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.08Last Year’s EPS
$0.02Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 1.28%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The call highlighted strategic opportunities through the merger with IGT and expansion into new markets, alongside growth in digital and fintech segments. However, these were countered by declines in the games business, flat gaming equipment sales, and reduced adjusted EBITDA.Company Guidance
During the Everi Holdings Q1 2024 earnings call, the company provided guidance on its anticipated merger with IGT's Global Gaming and Play Digital businesses, which is expected to close in late 2024 or early 2025. The merger aims to generate approximately $75 million in cash synergies and $10 million in capital savings, with a pro forma net leverage of 3.2 to 3.4x. Revenue growth opportunities are anticipated from leveraging global networks and a combined product offering. Additionally, the company expects a return to revenue growth in the second half of 2024, with an emphasis on improving daily win per unit and increasing unit sales, particularly through new cabinets and game content. Everi's Fintech segment is expected to grow through increased financial access volumes and hardware sales. Despite challenges in Q1, the company remains confident in its growth strategy, supported by strong free cash flow and an effective tax rate projected at 22% to 25% for the year. Adjusted EBITDA is expected to decline year-over-year but improve in the latter half of 2024.Merger with IGT's Global Gaming and Play Digital
Anticipated to close in late 2024 or early 2025, promising $75 million in cash synergies and $10 million in capital savings.
Expansion to New Markets
Final stages of approval to enter Illinois with VLTs, opening a 50,000 unit opportunity.
Fintech Cash Access Services Growth
Processed a record 39 million transactions, delivering $12.4 billion of funding, a 2.1% increase from the prior year.
Digital Segment Growth
Year-over-year growth of approximately 12-13%, with expansion into U.K. markets.
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EVRI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EVRI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $13.32 | $13.35 | +0.23% |
| Aug 06, 2024 | $12.87 | $12.89 | +0.16% |
| May 08, 2024 | $8.09 | $7.96 | -1.61% |
| Feb 29, 2024 | $11.28 | $11.86 | +5.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Everi Holdings Inc (EVRI) report earnings?
Everi Holdings Inc (EVRI) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Everi Holdings Inc (EVRI) earnings time?
Everi Holdings Inc (EVRI) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EVRI EPS forecast?
EVRI EPS forecast for the fiscal quarter 2024 (Q4) is $0.08.
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