L&

Light & Wonder, Inc.

LNWยทNASDAQ

$99.75

+0.25%
Consumer CyclicalGambling, Resorts & Casinos

Light & Wonder, Inc. develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; table products, including shufflers; and perpetual licenses to proprietary table games. It also supplies game content, gaming machines; provides table game products and services to licensed gaming entities; and installs and supports casino management systems, such as ongoing hardware and software maintenance and upgrade services of customer casino management systems. The company's SciPlay segment develops and publishes digital games on mobile and web platforms. It sells virtual coins, chips, or bingo cards, which players can use to play slot games, table games, or bingo games. Its iGaming segment provides a suite of digital gaming content, including digital real-money gaming, distribution platforms, content, products, and services. This segment also offers the Open Platform System, which offers a range of reporting and administrative functions and tools providing operators control over various areas of digital gaming operations. The company also offers software design, development, licensing, maintenance, support services, and technology solutions. Light & Wonder, Inc. was incorporated in 1984 and is based in Las Vegas, Nevada.

At a Glance

Live Snapshot
Market Cap$8.43B
EPS3.7700
P/E Ratio26.46
Earnings Date02/24/2026
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Light & Wonder, Inc. Street Expectations Map

LNW ยท NASDAQ

Wall Street analysts project that LNW stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 116.00, with estimates ranging from a low of 116.00 to a high of 116.00.

Lowest Target
116.00
16.29%
Consensus Target
116.00
16.29%
Highest Target
116.00
16.29%

The consensus 1-year price target stands at 116.00, with estimates ranging from a low of 116.00 to a high of 116.00.

Analyst Consensus Analysis

Upside Potential

+16.3%

Strong upside potential. Consensus indicates attractive return opportunity with favorable risk-reward profile.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Light & Wonder, Inc. Forward Estimates of Revenue

LNW ยท NASDAQ
Latest Revenue
3.19B
FY 2024
Avg Estimate
3.34B
FY 2025
Estimate Range
3.30B - 3.38B
Analyst Spread

Forward Growth Analysis

Projected Growth+4.9%

Flat growth suggests market maturity or near-term challenges offsetting expansion efforts.

Analyst Coverage13 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread2%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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Light & Wonder, Inc. Forward Estimates of Net Income

LNW ยท NASDAQ
Latest Net Income
336.00M
FY 2024
Avg Estimate
431.94M
FY 2025
Estimate Range
430.52M - 486.45M
Analyst Spread

Forward Growth Analysis

Projected Growth+28.6%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage13 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread13%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

Key Insight

Compelling growth story with analyst consensus: Strong projected growth combined with narrow estimate spread suggests high-conviction opportunity.

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Light & Wonder, Inc. Forward Estimates of EPS

LNW ยท NASDAQ
Latest EPS
3.77
FY 2024
Avg Estimate
$5.03
FY 2025
Estimate Range
$4.73 - $5.35
Analyst Spread

Forward Growth Analysis

Projected Growth+33.5%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage7 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread12%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

Key Insight

Compelling growth story with analyst consensus: Strong projected growth combined with narrow estimate spread suggests high-conviction opportunity.

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Light & Wonder, Inc. Forward Estimates of EBIT

LNW ยท NASDAQ
Latest EBIT
714.00M
FY 2024
Avg Estimate
250.62M
FY 2025
Estimate Range
247.63M - 253.61M
Analyst Spread

Forward Growth Analysis

Projected Growth-64.9%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage13 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread2%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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Light & Wonder, Inc. Forward Estimates of EBITDA

LNW ยท NASDAQ
Latest EBITDA
1.07B
FY 2024
Avg Estimate
827.14M
FY 2025
Estimate Range
817.27M - 837.02M
Analyst Spread

Forward Growth Analysis

Projected Growth-23.1%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage13 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread2%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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Light & Wonder, Inc. Forward Estimates of SG&A Expense

LNW ยท NASDAQ
Latest SG&A Expense
872.00M
FY 2024
Avg Estimate
1.02B
FY 2025
Estimate Range
1.01B - 1.03B
Analyst Spread

Forward Growth Analysis

Projected Growth+16.7%

Solid growth trajectory indicates healthy business performance and competitive positioning.

Analyst Coverage13 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread2%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

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Light & Wonder, Inc. Insider Positioning

LNW ยท NASDAQ

During the last 12 months, insiders have purchased $2.21M worth of LNW shares, with no selling activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

26.5K

2.21M

Sold

0

0.00

Net Activity

+2.2M

+$2.21M

Top Buyers

1
TT

Throsby Timothy

Director

10.0K sharesโ€ข1 transactions

$886K

2
KA

Korsanos Antonia

Director

8.1K sharesโ€ข1 transactions

$646K

3
OJ

Odell Jamie

Director

7.0K sharesโ€ข2 transactions

$554K

4
MH

Mclennan Hamish

Director

1.4K sharesโ€ข1 transactions

$121K

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $2.21M net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

โˆž:1

Perfect buy/sell ratio. Only buying activity with zero sellingโ€”the most bullish possible insider signal.

Insider Participation

High Buying

4 insider buyers vs. 0 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Compelling insider conviction: The combination of strong buy/sell ratio and multiple buyers suggests insiders see attractive risk/reward. Consider this alongside fundamental analysis for confirmation.