Overview
Golden Entertainment Q2 revenue declines, missing analyst expectations, per LSEG data
Adjusted EBITDA for Q2 misses consensus, reflecting operational challenges
Co repurchased 514,150 shares, returning capital to shareholders
Result Drivers
SEGMENT PERFORMANCE - Nevada Casino Resorts and Taverns reported reduced revenues, impacting overall performance
NET INCOME INCREASE - Despite revenue challenges, net income rose significantly due to improved operational efficiency
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$163.60 mln
$167.80 mln (7 Analysts)
Q2 Net Income
$4.60 mln
Q2 Adjusted EBITDA
Miss
$38.40 mln
$39 mln (7 Analysts)
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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 Golden Entertainment Inc is $35.50, about 24.2% above its August 6 closing price of $26.90
The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 33 three months ago
Press Release: ID:nBwbtNmp9a
(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.)