Evoke plc

LSE:EVOK Stock Report

Market Cap: UK£156.4m

Evoke Past Earnings Performance

Past criteria checks 0/6

Evoke's earnings have been declining at an average annual rate of -59.4%, while the Hospitality industry saw earnings growing at 45.2% annually. Revenues have been growing at an average rate of 22.2% per year.

Key information

-59.43%

Earnings growth rate

-59.05%

EPS growth rate

Hospitality Industry Growth1.31%
Revenue growth rate22.17%
Return on equityn/a
Net Margin-30.73%
Last Earnings Update31 Dec 2025

Recent past performance updates

Recent updates

Narrative Update Apr 26

EVOK: Future Returns Will Depend On Execution Under Potential Bally’s Intralot Takeover

Analysts have trimmed their price target on Evoke to £0.34 from £0.34 as they factor in updated assumptions around fair value, revenue growth, profit margins and future P/E following recent research, including a downgrade at Deutsche Bank. Analyst Commentary Recent research points to a reassessment of Evoke's valuation framework, with the trimmed £0.34 target reflecting updated views on earnings power, balance of risks and the timeframe over which the market might recognise fair value.
Narrative Update Apr 11

EVOK: Future Upside Will Depend On Executing Debt Reduction And Asset Review

Analysts have adjusted their price target on Evoke to £0.34, reflecting a reassessment of fair value, discount rate, and long term assumptions following recent research updates and downgrades on the stock. Analyst Commentary Bullish Takeaways Bullish analysts view the revised £0.34 target as aligned with their assessment of fair value, suggesting the current share price already reflects a cautious set of assumptions.
Narrative Update Mar 28

EVOK: Future Returns Will Rely On Executing Against Post Downgrade Assumptions

Analysts have adjusted their price target on Evoke to £X.XX from £Y.YY, citing recent downgrade actions and a reassessment of growth, margins, and future P/E assumptions reflected in the updated fair value inputs. Analyst Commentary Recent research around Evoke focuses on how realistic prior expectations were on growth, margins, and the P/E multiple that investors might be willing to pay.
Narrative Update Mar 11

EVOK: Future Upside Will Rely On Delivering Against Downgrade Reset Expectations

Analysts have trimmed their price target on Evoke to £X.XX from £Y.YY, citing recent downgrades that reflect a more cautious stance on the shares, despite largely unchanged assumptions around fair value, revenue growth, profit margins and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts point out that, despite the lower price target, the underlying assumptions around fair value remain largely intact, which they see as support for the long term investment case.
Narrative Update Feb 23

EVOK: Future Upside Will Depend On UK Gaming Tax Headwinds

Analysts have trimmed their fair value estimate for Evoke from about £0.48 to roughly £0.34 per share. This reflects recent price target cuts tied to higher UK gaming taxes and cautious views from the Street on future profitability and valuation multiples.
Narrative Update Feb 08

EVOK: Future Upside Will Hinge On UK Gaming Tax And Review

Narrative update on Evoke Analysts have trimmed their price target on Evoke to reflect a lower fair value estimate, softer assumptions for revenue growth and profit margins, a slightly reduced discount rate, and a higher future P/E multiple, citing recent downgrades and concerns about the impact of the higher UK gaming tax on future earnings. Analyst Commentary Bullish Takeaways Bullish analysts highlight that even with a roughly 35% blended UK gaming tax rate, Evoke is still grouped with larger peers in sector research.
Narrative Update Jan 24

EVOK: Future Upside Will Depend On UK Gaming Tax Resolution

Analysts have trimmed their price target on Evoke to £0.64 from £0.76, reflecting updated assumptions for slower revenue growth, softer profit margins and slightly higher future P/E multiples following recent sector tax concerns and rating changes. Analyst Commentary Recent research on Evoke highlights a mix of optimism around long term positioning and caution around near term headwinds, particularly related to tax changes and deal activity in parts of the broader Evoke universe.
Narrative Update Jan 10

EVOK: Future Upside Will Hinge On Cash Takeover Versus UK Gaming Tax

Analysts have trimmed their price targets on Evoke, with one moving from £0.82 to £0.66 per share. This reflects concerns about higher UK gaming taxes and the impact of an agreed US$11.00 per share cash takeover on the stock's standalone upside.
Narrative Update Dec 13

EVOK: Future Upside Will Depend On UK Gaming Tax Headwinds

Narrative Update on Evoke The analyst price target for Evoke has been reduced from 82 GBp to 66 GBp, as analysts factor in higher UK gaming taxes, slightly softer revenue growth expectations and recent deal dynamics, even as margin and valuation assumptions remain broadly resilient. Analyst Commentary Recent Street research reflects a more balanced stance on Evoke, with analysts weighing supportive demand drivers and transaction dynamics against a tougher UK tax environment and softer long term growth assumptions.
Narrative Update Nov 28

EVOK: Future Share Performance Will Reflect UK Gaming Tax Impact

Analysts have lowered their price target for Evoke by approximately 20%, reflecting concerns about increased UK gaming tax rates as well as a more challenging outlook for revenue and profitability. Analyst Commentary Amid evolving regulatory and market conditions, analysts have provided a range of perspectives on Evoke's outlook, highlighting both growth opportunities and risks to valuation and execution.
Analysis Article Jul 11

Market Might Still Lack Some Conviction On Evoke plc (LON:EVOK) Even After 27% Share Price Boost

Despite an already strong run, Evoke plc ( LON:EVOK ) shares have been powering on, with a gain of 27% in the last...
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New Narrative May 12

Focused Core Markets And Cost Optimization Will Drive Future Success

Focus on core markets and strategic acquisitions are boosting sustainable growth, strengthening revenue streams, and elevating long-term profitability.
Analysis Article Mar 28

Lacklustre Performance Is Driving Evoke plc's (LON:EVOK) 27% Price Drop

Evoke plc ( LON:EVOK ) shares have had a horrible month, losing 27% after a relatively good period beforehand. Instead...
Analysis Article Aug 02

Market Cool On Evoke plc's (LON:EVOK) Revenues Pushing Shares 30% Lower

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Revenue & Expenses Breakdown

How Evoke makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

LSE:EVOK Revenue, expenses and earnings (GBP Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 251,782-5471,0550
30 Sep 251,781-3451,0550
30 Jun 251,780-1131,0560
31 Mar 251,767-1531,0630
31 Dec 241,755-2221,0700
30 Sep 241,723-1991,0720
30 Jun 241,691-1761,0750
31 Mar 241,701-1211,0660
31 Dec 231,711-651,0570
30 Sep 231,750-1151,0610
30 Jun 231,788-1651,0650
31 Mar 231,514-1438850
31 Dec 221,239-1207060
30 Sep 22951-485340
30 Jun 22664253620
31 Mar 22688383720
31 Dec 21712503830
30 Sep 21721313850
30 Jun 21722123830
31 Mar 21670103560
31 Dec 2062183300
30 Sep 2058630337-7
30 Jun 2053454338-14
31 Mar 2049244298-7
31 Dec 19423312430
30 Sep 194454121014
30 Jun 194204715326
31 Mar 194135914825
31 Dec 184247415026
30 Sep 184216914926
30 Jun 184216515026
31 Mar 183913514225
31 Dec 17401914826
30 Sep 17400915027
30 Jun 17406915527
31 Mar 174192516328
31 Dec 164234216728
30 Sep 163953415527
30 Jun 163792714827
31 Mar 163352312825
31 Dec 153132011625
30 Sep 153012411225
30 Jun 152862710624

Quality Earnings: EVOK is currently unprofitable.

Growing Profit Margin: EVOK is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: EVOK is unprofitable, and losses have increased over the past 5 years at a rate of 59.4% per year.

Accelerating Growth: Unable to compare EVOK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EVOK is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (9%).


Return on Equity

High ROE: EVOK's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 11:55
End of Day Share Price 2026/05/20 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Evoke plc is covered by 17 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Edward BirkinBarclays
Jack CummingsBerenberg
Jaafar MestariBNP Paribas