Scientific Games (NAS: SGMS) reported earnings on Aug. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Scientific Games missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Scientific Games reported revenue of $229.3 million. The five analysts polled by S&P Capital IQ wanted to see revenue of $245.4 million on the same basis. GAAP reported sales were 4.1% higher than the prior-year quarter's $220.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.14. The six earnings estimates compiled by S&P Capital IQ averaged $0.12 per share. GAAP EPS were -$0.14 for Q2 versus $0.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 44.2%, 180 basis points worse than the prior-year quarter. Operating margin was 6.6%, 710 basis points worse than the prior-year quarter. Net margin was -5.5%, 870 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $234.8 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $945.3 million. The average EPS estimate is $0.26.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 147 members out of 166 rating the stock outperform, and 19 members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Scientific Games a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Scientific Games is outperform, with an average price target of $13.10.
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The article Scientific Games Goes Red originally appeared on Fool.com.
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