Light & Wonder, Inc. (NASDAQ:LNW) is projected to report earnings per share (EPS) of $0.96 for Q3 2024, according to analysts at B. Riley, who maintain a "Strong-Buy" rating on the stock. The full-year EPS estimate stands at $4.44, while Q4 2024 is anticipated to yield $0.91 EPS. Recently, the company's quarterly earnings showed $0.90 EPS, falling short of expectations, yet revenue increased by 11.9% year-over-year to $818 million.
In recent analyses, UBS upgraded Light & Wonder from a "neutral" to a "buy" rating, while Maxim Group set a price target of $144.00. The consensus rating remains a "Moderate Buy" with an average target price of $107.82. The stock opened at $96.08, with a market cap of $8.52 billion and a PE ratio of 39.87. The company has also authorized a $1 billion share repurchase program, indicating confidence in its stock value.
Meanwhile, Costco Wholesale (NASDAQ:COST) saw its price target raised from $955.00 to $980.00 by Oppenheimer, maintaining an "outperform" rating. Other analysts have also adjusted their ratings and targets, with a consensus rating of "Moderate Buy" and an average target price of $886.74. Costco's recent earnings report revealed an EPS of $5.15, surpassing expectations, although revenue slightly missed at $79.70 billion.
Costco's stock opened at $909.10, with a market cap of $403.04 billion and a PE ratio of 56.33. Institutional investors hold a significant portion of the company’s stock, reflecting strong investor confidence. Overall, both companies demonstrate resilience and potential for growth in the current market landscape.