Yahoo Finance Unveiling Playtika (PLTK) Q1 Outlook: Wall Street Estimates for Key Metrics
Wall Street analysts expect Playtika Holding (PLTK) to post quarterly earnings of $0.15 per share in its upcoming report, which indicates a year-over-year decline of 34.8%. Revenues are expected to be $642.38 million, down 2.1% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Playtika metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Average Daily Payer Conversion' will reach 3.6%. The estimate is in contrast to the year-ago figure of 3.6%.
According to the collective judgment of analysts, 'Average MAUs' should come in at 30.16 million. The estimate compares to the year-ago value of 30.2 million.
The collective assessment of analysts points to an estimated 'Average DAUs' of 8.70 million. The estimate compares to the year-ago value of 9.1 million.
View all Key Company Metrics for Playtika here>>>
Playtika shares have witnessed a change of +12.6% in the past month, in contrast to the Zacks S&P 500 composite's -1.6% move. With a Zacks Rank #4 (Sell), PLTK is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Playtika Holding Corp. (PLTK) : Free Stock Analysis Report
