Nucor earnings beat by $0.08, revenue fell short of estimates
In a turbulent market environment, Light & Wonder Inc. (formerly known as Scientific Games (NASDAQ:LNW)) saw its stock price touch a 52-week low, dipping to $83.91. The gaming company, which has been navigating through a complex landscape of regulatory changes and competitive pressures, has experienced a notable decline over the past year. Investors have witnessed a 1-year change in the stock’s value, with Light & Wonder’s shares falling by -16.22%, reflecting broader market trends and internal company dynamics that have influenced investor sentiment. Despite the downturn, the company continues to adapt its strategy in an effort to recover and potentially regain its footing in the ever-evolving gaming industry.
In other recent news, Light & Wonder has reaffirmed its financial targets for 2025, projecting $1.4 billion in adjusted EBITDA and an adjusted net profit after tax ranging from $565 million to $635 million. This comes amidst ongoing litigation with Aristocrat, which has recently intensified with new allegations of trade secret misappropriation. Despite the legal challenges, the company remains committed to its strategic goals and has ceased commercializing certain games to mitigate potential disruptions.
Analysts have varied perspectives on Light & Wonder’s stock. Truist Securities maintained a Buy rating with a price target of $115, expressing confidence in the company’s diversified content strategy. Conversely, Stifel has adjusted its price target to $93, citing litigation risks and maintaining a Hold rating. Benchmark increased its price target to $130, reflecting optimism following Light & Wonder’s fourth-quarter financial results, which exceeded expectations for Adjusted EBITDA.
Mizuho (NYSE:MFG) Securities raised its price target to $80 while keeping an Underperform rating, noting that Light & Wonder’s revenue aligned with projections but highlighted challenges in the Gaming Operations segment. Light & Wonder’s strategic initiatives, including the acquisition of Grover Gaming and expansion into international markets, are expected to support long-term growth. The company is also executing a $1 billion share repurchase program, signaling a commitment to returning value to shareholders.
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