News coverage about Scientific Games Corp (NASDAQ:SGMS) has trended somewhat positive this week, AlphaOne Sentiment reports. The research firm, a division of Accern, identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Scientific Games Corp earned a coverage optimism score of 0.03 on AlphaOne’s scale. AlphaOne also gave news stories about the technology company an impact score of 83 out of 100, meaning that recent news coverage is very likely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Alpha One’s scoring:
- Scientific Games Corp (SGMS) Expected to Announce Quarterly Sales of $711.54 Million (americanbankingnews.com)
- Zacks: Brokerages Anticipate Scientific Games Corp (SGMS) Will Post Earnings of -$0.74 Per Share (americanbankingnews.com)
- Scientific Games Corp (SGMS) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Favorable Media Coverage Somewhat Unlikely to Effect Scientific Games Corp (SGMS) Share Price (americanbankingnews.com)
- Scientific Games Corp. breached its 50 day moving average in a Bearish Manner : SGMS-US : April 14, 2017 (finance.yahoo.com)
Several research firms have recently commented on SGMS. Telsey Advisory Group lifted their price target on Scientific Games Corp from $13.00 to $20.00 and gave the stock a “market perform” rating in a report on Friday, March 3rd. Zacks Investment Research upgraded Scientific Games Corp from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, March 7th. Finally, Bank of America Corp upgraded Scientific Games Corp from an “underperform” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Thursday, January 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $15.20.
Shares of Scientific Games Corp (NASDAQ:SGMS) traded up 2.82% during mid-day trading on Thursday, hitting $21.85. The company had a trading volume of 1,261,304 shares. The company’s market cap is $1.93 billion. The firm has a 50-day moving average of $21.79 and a 200-day moving average of $16.99. Scientific Games Corp has a 12 month low of $7.90 and a 12 month high of $24.15.
Scientific Games Corp (NASDAQ:SGMS) last posted its earnings results on Thursday, March 2nd. The technology company reported ($1.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by $0.34. The firm earned $752.20 million during the quarter, compared to analyst estimates of $751.30 million. During the same period in the prior year, the business posted ($1.48) EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts expect that Scientific Games Corp will post ($2.18) EPS for the current year.
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Scientific Games Corp Company Profile
Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions.
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