Golden Entertainment Inc reports results for the quarter ended in September 30 - Earnings Summary

Golden Entertainment

08/11/2024 05:17

* Golden Entertainment Inc  GDEN.OQ  reported quarterly
adjusted
earnings of 18 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of $-2.10.  The mean expectation of seven analysts
for the quarter was for earnings of 7 cents per share. Wall
Street expected results to range from 1 cents to 20 cents per
share.
    * Revenue fell 37.4% to $161.23 million from a year ago;
analysts
expected $162.25 million. 
    * Golden Entertainment Inc's reported EPS for the quarter
was 18
cents​.
    * The company reported quarterly net income of $5.17
million.
    * Golden Entertainment Inc shares had fallen by 3.2% this
quarter and lost 22.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 61.8%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the casinos &
gaming
peer group is also "buy"

Wall Street's median 12-month price target for Golden
Entertainment Inc is 36.00 
This summary was machine generated from LSEG data November 8 at
05:17 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.07           0.18           Beat
 Jun. 30 2024      0.19           0.02           Missed
 Mar. 31 2024      0.16           0.04           Missed
 Dec. 31 2023      0.25           0.09           Missed