What is B. Riley’s Forecast for Light & Wonder Q2 Earnings?

Light & Wonder, Inc. (NASDAQ:LNW) – Equities research analysts at B. Riley decreased their Q2 2025 earnings estimates for Light & Wonder in a research report issued on Wednesday, November 13th. B. Riley analyst D. Bain now anticipates that the company will post earnings of $1.24 per share for the quarter, down from their prior forecast of $1.36. B. Riley currently has a “Strong-Buy” rating on the stock. The consensus estimate for Light & Wonder’s current full-year earnings is $4.41 per share. B. Riley also issued estimates for Light & Wonder’s Q4 2025 earnings at $1.41 EPS and FY2025 earnings at $4.89 EPS.

Light & Wonder (NASDAQ:LNW) last announced its earnings results on Tuesday, November 12th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.18. The company had revenue of $817.00 million for the quarter, compared to the consensus estimate of $826.65 million. Light & Wonder had a net margin of 9.30% and a return on equity of 49.91%.

A number of other equities analysts also recently weighed in on the company. Craig Hallum upgraded Light & Wonder to a “strong-buy” rating in a report on Friday, October 4th. Stifel Nicolaus dropped their price objective on shares of Light & Wonder from $108.00 to $100.00 and set a “hold” rating on the stock in a research note on Wednesday, September 25th. Truist Financial decreased their target price on shares of Light & Wonder from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Macquarie dropped their price target on shares of Light & Wonder from $122.00 to $117.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 25th. Finally, Benchmark restated a “buy” rating and issued a $114.00 target price on shares of Light & Wonder in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.36.

Light & Wonder Stock Up 0.2 %

NASDAQ:LNW opened at $93.24 on Friday. Light & Wonder has a 1-year low of $76.52 and a 1-year high of $115.00. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 0.39 and a beta of 1.75. The company has a current ratio of 1.88, a quick ratio of 1.58 and a debt-to-equity ratio of 4.49. The business’s fifty day moving average price is $98.06 and its 200 day moving average price is $99.82.

Light & Wonder declared that its Board of Directors has approved a stock buyback program on Wednesday, August 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LNW. SG Americas Securities LLC grew its stake in Light & Wonder by 239.9% in the 1st quarter. SG Americas Securities LLC now owns 6,435 shares of the company’s stock valued at $657,000 after buying an additional 4,542 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Light & Wonder by 33.0% in the first quarter. QRG Capital Management Inc. now owns 9,828 shares of the company’s stock valued at $1,003,000 after purchasing an additional 2,437 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Light & Wonder by 3.9% in the first quarter. Russell Investments Group Ltd. now owns 43,414 shares of the company’s stock valued at $4,432,000 after purchasing an additional 1,636 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Light & Wonder by 3.9% in the first quarter. ProShare Advisors LLC now owns 20,642 shares of the company’s stock worth $2,107,000 after purchasing an additional 777 shares during the period. Finally, Entropy Technologies LP acquired a new position in shares of Light & Wonder during the 1st quarter worth about $773,000. 88.08% of the stock is owned by institutional investors.

About Light & Wonder

Light & Wonder, Inc operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment.