Everi Holdings (EVRI) PT Raised to $23 at Stifel on Substantial Beat/Raise

May 6, 2021 9:20 AM EDT
Get Alerts EVRI Hot Sheet
Price: $21.50 -2.14%

Rating Summary:
    10 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 9 | New: 24
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Stifel analyst Steven Wieczynski raised the price target on Everi Holdings (NYSE: EVRI) to $23.00 (from $21.00) after the company reported Q1 Adj. EBITDA of $75.4M, setting an all-time quarterly record and beating consensus by +21%. Net revenues of $139.1M set a first quarter record, and beat Consensus by +15%. Games posted the largest beat to expectations, with Adj. EBITDA of $44.6M +24% to Consensus.

The analyst reiterated a Buy rating, stating "commentary on the sustainability of strong Gaming Ops trends was encouraging, while management's forward outlook implies a healthy beat to Consensus Q2:2021E Adj. EBITDA despite management baking in some prudent conservatism. We raise our 2021/22/23E Adj. EBITDA +10%/+5%/+6% as we model a more rapid market recovery for EVRI's recurring ops than initially contemplated, with EVRI continuing to take share in Games as operations normalize."



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Stifel