MGAM To Post Inline Results For FQ1
Analyst Todd Eilers of Roth Capital maintains his "buy" rating on MultiMedia Games Inc (NASDAQ: MGAM). The target price for MGAM is set to $7.50.
MultiMedia Games is scheduled to report its FQ1 results on February 9. Roth Capital is “looking for revenue of $30.5M (Street $29.7M) and EPS of ($0.07) (Street ($0.08).” The analyst says, “We anticipate seq. improvement in OK recurring revenue w/ Phase I & II of the Winstar renovation completed and previously removed games added back to the install base.”
“We view the recent Aqueduct contract award as a positive event that should boost revenue and earnings in FY11… We believe the pull back in shares due to short term Alabama issues has created an attractive entry point for investors,” the analyst adds.
