Analysts lower third-quarter expectations for gaming companies

J.P. Morgan analyst Daniel Politzer lowered his expectations for gaming companies' third-quarter earnings in a note sent to investors on Tuesday. In the note, Politzer used the phrase "we don't see much to get excited about." The note did not paint an optimistic picture of the sector's outlook for the quarter.

On the same day, Truist Securities analyst Barry Jonas also shared his cautious expectations for the quarter. Jonas's tone was somewhat more positive than Politzer's. The assessments of the two firms show that expectations in the sector are being pulled down as earnings season approaches.

Politzer also noted that the gaming sector generally has different sources of earnings from one company to another. The rest of the note was not reported in the news story.

Analyst notes of this kind, published ahead of earnings season, shape how investors view company results. Forecasts may change until the companies' actual figures are announced. Investors will watch the upcoming results and management comments.