B Riley Securities is positive on Everi Holdings ( NYSE: EVRI ) ahead of the casino industry supplier's Q4 earnings report.
Analyst David Bain and team Q4 EBITDA will slightly exceed consensus estimates and think full-year EBITDA estimates are on the conservative side.
"While EVRI EBITDA beat Street expectations consistently throughout 2022 and consensus rose from $362.3M to $373.5M (+48%/+8% versus CY19/CY21), EVRI's share price declined ~32% last year, and it is trading 16% below its 5-year historical average valuation."
Looking to the earnings report, EVRI is expected to offer details on its opportunity in Houston, Texas, which the firm believes could add $23M of per annum EBITDA over time. B Riley also believes EVRI can gain additional market share this year due to the company's Dynasty Vue video cabinet launch in the video segment, EBITDA attribution from 2022 acquisitions, and online gaming expansion into new markets.
B Riley has a Buy rating on Everi Holdings ( EVRI ) and price target of $35 to rep more than 100% upside potential for shares. The 52-week high for EVRI is $24.23.
For further details see:
Everi Holdings is singled out by B Riley as a casino sector stock that could double