AGS to reveal Q4 2020 earnings results on 4 March
Gaming supplier’s Q3 results beat analysts’ expectations, share price has been steady.
AGS, a supplier of commercial gaming products and social casino solutions, on Thursday said it will report its financial results for Q4 and FY ending 31 December, 2020, on 4 March.
The company started in the Class II Native American gaming market, but over the years it has added Class III slot products, table game and more.
In a recent interview with Gaming America, executives for AGS said the company’s table games division was going to be focused on progressive side bets in 2021, specifically a product named Bonus Spin Xtreme.
When AGS unveiled its Q3 results, the company exceeded analysts’ expectations. Its revenue then of $49m beat forecasts by 34%, according to Simply Wall Street. Yahoo Finance noted it beat earnings per share estimates by $0.32.
In research released 7 November, 2020, Simply Wall Street said the eight analysts assigned to AGS forecasted the company’s 2021 revenue to be $228.8m, which it noted was similar to revenue figures for the previous 12 months.
Further, the analysts predicted AGS would trim its losses per share in 2021, while they expected the company’s stock to trade at approximately $5.64 per share. Estimates ranged from $8.50 per share at the high end, to $3.00 per share by the most pessimistic analyst.
In December, Insider Monkey reviewed filings by more than 800 hedge funds and investment firms and noted AGS was in only 11 portfolios at the end of Q3 2020, down from an all-time high of 22.
As of 12 pm EST on 11 February, AGS stock was trading at $6.29, down $0.15 from its close on Wednesday. The 52-week range for its price per share is $0.70 to $10.72.
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