NeoGames S.A. (NGMS) Stock Jumps 9.9%: Will It Continue to Soar? – October 12, 2022

NeoGames S.A. (NGMS Quick QuoteNGMS – Free Report) shares rallied 9.9% within the final buying and selling session to shut at $14.57. This transfer could be attributable to notable quantity with the next variety of shares being traded than in a typical session. This compares to the inventory’s 18% loss over the previous 4 weeks.

Shares of NeoGames jumped after its subsidiary NeoPollard Interactive introduced an settlement with Georgia Lottery Corporation to ship NPi sport content material by an integration of its distant gaming server. Positive investor sentiments had been witnessed on account of its income era talents.

This firm is anticipated to publish quarterly earnings of $0.20 per share in its upcoming report, which represents a 12 months-over-12 months change of +233.3%. Revenues are anticipated to be $61.21 million, up 411.4% from the 12 months-in the past quarter.

While earnings and income development expectations are necessary in evaluating the potential energy in a inventory, empirical analysis exhibits a robust correlation between traits in earnings estimate revisions and close to-time period inventory worth actions.

For NeoGames S.A., the consensus EPS estimate for the quarter has remained unchanged during the last 30 days. And a inventory’s worth often does not preserve transferring increased within the absence of any development in earnings estimate revisions. So, ensure that to keep watch over NGMS going ahead to see if this latest leap can flip into extra energy down the street.

The inventory at the moment carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>

NeoGames S.A. is a part of the Zacks Gaming business. Wynn Resorts (WYNN Quick QuoteWYNN – Free Report) , one other inventory in the identical business, closed the final buying and selling session 7% decrease at $59.64. WYNN has returned -0.6% prior to now month.

For Wynn, the consensus EPS estimate for the upcoming report has remained unchanged over the previous month at -$1.20. This represents a change of +3.2% from what the corporate reported a 12 months in the past. Wynn at the moment has a Zacks Rank of #3 (Hold).