Everi Holdings

EVRI · NYSE

Price unavailable right now.

No price history for this range.

EVRI analyst rating

This isn't available right now. Refresh to try again.

The case for and against

Updated Aug 28, 2024

Bull case

Everi Holdings Inc demonstrated strong growth in its financial access services, with a notable 10% increase in funds delivered to casino floors, reaching a record $11.9 billion, supported by a 12% rise in the number of transactions. The company's cashless transaction volume surged by 51% year-over-year, while the overall shift towards cashless gaming presents a significant revenue growth opportunity for Everi as it remains early in this trend, representing less than 5% of funding transactions. Additionally, the firm reported revenue of $95 million for the quarter, reflecting a modest 3% year-over-year increase and improved margins, further supporting a positive outlook for its financial performance across both Games and Financial Technology segments.

Bear case

Everi Holdings Inc has experienced a series of negative financial indicators, including a 2% decline in EBITDA amid weaker game sales and a third consecutive quarter of reduction in its installed gaming units, totaling a drop of 136 units. The company's guidance has been lowered, projecting a net income of approximately $98 million, which represents a 4% decrease from prior estimates, alongside adjusted net revenues approximately 1%-3% below expectations and consolidated EBITDA margins declining by 285 basis points year-over-year. Additionally, persistent decreases in margins, attributed to rising labor costs, and a notable decline in both the installed base and revenue per unit per day further underscore the financial challenges Everi is facing, leading to a negative outlook on its stock performance.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.