Analyst sees momentum for Light & Wonder
Photo: CDC Gaming Reports
Jefferies Equity Research analyst Kai Erman took a wait-and-see attitude on slotmaker Light & Wonder in an investor note Wednesday, anticipating third-quarter commentary by management. But he said he “recently came away more convicted” following Global Gaming Expo, in Las Vegas. Erman forecast AU$382 million in Light & Wonder third-quarter cash flow, lower than the market’s consensus of AU$386 million. But he expected earnings per share of AU$1.97, whereas the consensus view was AU$1.92. Erman called his changes “minimal” in nature.
Source: CDC Gaming Reports
