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
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$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.)