Shares of Scientific Games (NASDAQ: SGMS) were jumping 9.2% higher in morning trading Thursday after the global gaming company withdrew its offer to buy the remaining 19% interest in SciPlay (NASDAQ: SCPL) that it doesn't already own. SciPlay stock plunged 18% on the announcement. The deal had been announced in July as an all-stock offer at a price of 0.250 shares of Scientific Games for each share of SciPlay owned.
SciPlay (SCPL) delivered earnings and revenue surprises of -4.00% and -5.47%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
SciPlay (SCPL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.