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FLL Full House Resorts News Story

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Brief: Full House Resorts Q2 EPS USD -0.29

Overview

Full House fiscal Q2 revenue rises 0.6% yr/yr, missing analyst expectations

Net loss for fiscal Q2 widens to $10.4 mln, EPS at $(0.29)

American Place Casino achieves record net revenue, offsetting Chamonix's elevated costs

Outlook

Company expects American Place Casino revenue growth with poker room addition

Full House sees $4 mln annual savings from Chamonix cost reductions

Company anticipates improved profitability at Chamonix from revamped marketing

Result Drivers

AMERICAN PLACE GROWTH - American Place Casino achieved record net revenue and operating profit, driven by growing popularity in Chicago's northern suburbs

CHAMONIX COST REDUCTIONS - Chamonix Casino Hotel's management identified over $4 mln in annual expense savings, aiming for improved operating efficiency

COLORADO REVENUE INCREASE - Colorado operations reported a 7.8% revenue increase compared to the prior-year period

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueMiss$73.90 mln$77.80 mln (5 Analysts)
Q2 EPS-$0.29
Q2 Net Income-$10.40 mln
Q2 Basic EPS-$0.29
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "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 Full House Resorts Inc is $5.00, about 10% above its August 6 closing price of $4.50 Press Release: ID:nGNX83CM79 (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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