PLAYSTUDIOS (MYPS) Set to Announce Quarterly Earnings on Monday

PLAYSTUDIOS (NASDAQ:MYPS) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

PLAYSTUDIOS (NASDAQ:MYPS) last released its quarterly earnings data on Monday, August 5th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $72.59 million for the quarter, compared to analyst estimates of $73.49 million. PLAYSTUDIOS had a negative return on equity of 7.25% and a negative net margin of 6.34%. During the same period in the previous year, the company posted ($0.02) EPS. On average, analysts expect PLAYSTUDIOS to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PLAYSTUDIOS Stock Performance

MYPS opened at $1.37 on Friday. PLAYSTUDIOS has a 1 year low of $1.32 and a 1 year high of $3.04. The firm has a 50 day moving average price of $1.50 and a 200 day moving average price of $1.90. The company has a market cap of $170.78 million, a PE ratio of -9.79 and a beta of 0.59.

Insider Activity at PLAYSTUDIOS

In other PLAYSTUDIOS news, CFO Scott Edward Peterson sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $1.50, for a total value of $37,500.00. Following the transaction, the chief financial officer now owns 583,998 shares in the company, valued at $875,997. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 14.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MYPS. Craig Hallum downgraded shares of PLAYSTUDIOS from a “buy” rating to a “hold” rating and cut their target price for the company from $4.00 to $2.00 in a research note on Tuesday, August 6th. Northland Securities cut their price objective on PLAYSTUDIOS from $5.50 to $4.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Stifel Nicolaus reduced their price objective on PLAYSTUDIOS from $4.00 to $3.50 and set a “buy” rating on the stock in a research note on Friday, October 18th. Finally, Benchmark lowered PLAYSTUDIOS from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.

About PLAYSTUDIOS

PLAYSTUDIOS, Inc develops and publishes free-to-play casual games for mobile and social platforms in the United States and internationally. The company's game portfolio includes a diverse range of titles comprising social casino, card, puzzle, and adventure games. It also offers POP! Slots, myVEGAS Slots, my KONAMI Slots, MGM Slots Live, myVEGAS Blackjack, myVEGAS Bingo, Tetris, Solitaire, Spider Solitaire, Jumbline 2, Sudoku, and Mahjong games.