From Daily Finance
On Tuesday, SHFL Entertainment will release its latest quarterly results. The company formerly known as Shuffle Master faces a huge opportunity in the rapidly evolving gaming market, but it will have to work hard to cash in.
SHFL Entertainment makes a variety of products that casinos use, ranging from its namesake Shuffle Master card-shuffling devices, to tracking devices designed to analyze table-game play and detect potential fraud. As the industry moves toward more electronic gaming, however, the company has also seen success in its electronic table systems and other related machines. Let’s take an early look at what’s been happening with SHFL Entertainment over the past quarter, and what we’re likely to see in its quarterly report.
Analysts have gotten the slightest bit more pessimistic about SHFL’s earnings prospects lately, cutting $0.01 per share from both their April quarter, and full fiscal-year estimates for the company. Yet, the stock has held up well, rising about 8% since late February.
