How did EVRI's Q2 2024 EPS forecast compare to past trends?

Everi Holdings Inc.'s (NYSE: EVRI) Q2 2024 EPS forecast shows a significant decrease compared to past trends, reflecting a challenging period for the company.

1. **Analyst Decrease in EPS Estimates**:
- B. Riley analyst D. Bain initially decreased Q2 2024 EPS estimates for Everi Holdings Inc. from $0.26 to $0.25 on August 5, 2024.
- Subsequently, the same analyst further reduced the estimates to $0.10 for Q3 2024 on September 8, 2024.
- For Q4 2024, the EPS estimate was set at $0.19, which is less than the previous quarter's estimate.

2. **Significant Decrease in Q2 2024 EPS Forecast**:
- The initial decrease from $0.26 to $0.25 represents a significant reduction, indicating a potential downturn in profitability during Q2 2024 compared to the previous quarter.
- The further reduction to $0.10 for Q3 2024 suggests that the company's earnings were anticipated to be much lower than in any recent past quarter.
- The Q4 2024 estimate of $0.19 reflects a slight improvement over Q3, but it is still considerably lower than the company's historical averages, suggesting ongoing challenges.
3. **Comparison to Revenue Estimates**:
- While the focus here is on EPS, it's important to note that Everi Holdings has also missed revenue estimates in the past.
- The combination of decreased EPS and missed revenue targets indicates a concerning trend for the company, suggesting that it may be facing significant headwinds or operational challenges.
4. **Investor Considerations**:
- Investors should monitor these trends closely, as they may signal underlying issues within the company that could impact future performance.
- The Zacks Rank, which incorporates earnings estimate revisions, may be a useful tool for investors looking to assess the company's prospects.

In conclusion, Everi Holdings Inc.'s Q2 2024 EPS forecast reflects a sharp decline compared to past trends, with estimates decreasing consistently across quarters, suggesting a challenging period ahead.