Winning Stock Forecast: Scientific Games Corp (NASDAQ: SGMS) Is Your Lucky Bet With 124.42% In 1 Year

Winning Stock Forecast

“Our improved performance and strong future prospects enabled us to successfully refinance a portion of our capital structure in 2017 and 2018 that significantly lowers our cost of capital and increases future cash flow.” – Michael Quartieri, CFO of Scientific Games Corp


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Over the one year period from April 30, 2017 to April 30, 2018 SGMS stock price experienced steep price rise of more than 124.42%. Taking into account the overall SGMS stock performance indicators for 2017 fiscal year , it is reasonable to suggest that this is the result of the company’s sustainable growth reflected in the annual 2017 financial results released on February 28, 2018. The report contains the following highlights:

  • Revenue increased 7%, or $200.2 million, year over year to $3,083.6 million
  • Operating income was $393.1 million compared to $130.6 million in the prior year, which included the $69.0 million goodwill impairment
  • Net loss was $242.3 million compared with a net loss of $353.7 million a year ago, reflecting the improvement in operating income and a $51.7 million decrease in interest expense
  • AEBITDA, a non-GAAP financial measure as defined below, increased 11 percent to $1,224.9 million compared with $1,103.6 million in the prior year
  • Net cash from operating activities increased to $507.1 million compared with $419.0 million in the prior year
  • Free cash flow, a non-GAAP financial measure as defined below, rose to $179.5 million from $120.0 million in the prior year

The above highlights could not pass unseen by the market and investors observed SGMS stock growth of 125.37% during the period from April 30 2017 to April 30, 2018. The below chart illustrates this:

[Source: Google Finance]

At the same time the analyst community took buy position on SGMS stock over the last 4 months, with decreasing number of analysts who took hold positions:

[Source: Yahoo Finance]

On April 30, 2017, I Know First issued a bullish 1 year forecast for Scientific Games Corp (NASDAQ: SGMS). The forecast illustrated a signal of 196.93 and a predictability of 0.61. In accordance with the forecast, SGMS stock returned 124.42% over this period, highlighting the accuracy of the prediction produced by the I Know First algorithm.

Current I Know First subscribers received this bullish SGMS forecast on April 30, 2017.

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Stock Pickers

Scientific Games Corporation (NASDAQ: SGMS) develops technology-based products and services, and related content for the gaming, lottery, and interactive gaming industries worldwide. The company’s Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals (VLTs), conversion game kits, and spare parts; slot, casino, and table-management systems; table products, including shufflers; and perpetual licenses to proprietary table games. It also leases VLTs and electronic table games, game themes, or other licensing arrangements; and provides installation and support services for casino management systems, such as ongoing hardware maintenance and software upgrade services. The company’s Lottery segment designs, prints, and sells instant lottery games, as well as offers instant game-related services comprising game design, sales and marketing support, and inventory management; and provides lottery systems, including hardware, software, and instant game validation systems. It is also involved in supplying player loyalty programs, as well as providing merchandising services and interactive marketing campaigns; and sublicensing brands for lottery products, as well as providing lottery-related promotional products. In addition, this segment provides software, hardware, and related services for lottery operations, including draw systems, instant ticket validation systems, and sports wagering and keno systems; and lottery systems software maintenance and support services. The company’s Interactive segment operates social casino-style, slot-based, and bingo-based games through Facebook, iOS, Android, and various other desktop and mobile platforms; and provides content through remote game server technology, to licensed online casino operators on desktop and mobile platforms, as well as play-for-fun and play-for-free white-label gaming for land-based casinos. Scientific Games Corporation was founded in 1984 and is headquartered in Las Vegas, Nevada.


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