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CNTY Century Casinos News Story

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Century Casinos' Q1 revenue rises, net loss narrows

Overview

US casino operator's Q1 net operating revenue rose 5% yr/yr

Net loss attributable to shareholders narrowed 20% yr/yr in Q1

Growth driven by strong play from high-value and core customer groups, notably at the Nugget

Outlook

Company did not provide specific guidance or outlook for the current quarter or full year in press release

Result Drivers

HIGH-VALUE AND CORE CUSTOMERS - Growth driven by strong play from high-value and core customer groups

NUGGET PERFORMANCE - Nugget Casino Resort saw a 93% yr/yr increase in Adjusted EBITDAR, contributing significantly to overall growth

Company press release: ID:nPredDjcna

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Net Operating
Revenue
$137.20 mln
Q1 EPS-$0.58
Q1 Earnings from Operations$11.80 mln
*Applies to a deviation of less than 1%; not applicable for per-share numbers. Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the casinos & gaming peer group is "buy" Wall Street's median 12-month price target for Century Casinos Inc is $3.00, about 104.1% above its May 7 closing price of $1.47 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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