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

Golden Entertainment

03/11/2023 16:25

* Golden Entertainment Inc  GDEN.OQ  reported a quarterly
adjusted
loss of $2.10​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of 45 cents.  The mean expectation of five analysts for the
quarter was for earnings of 21 cents per share. Wall Street
expected results to range from 18 cents to 31 cents per share.
    * Revenue fell 7.6% to $257.73 million from a year ago;
analysts
expected $249.41 million. 
    * Golden Entertainment Inc's reported EPS for the quarter
was
$7.83​.
    * The company reported quarterly net income of $241.22
million.
    * Golden Entertainment Inc shares had fallen by 7.1% this
quarter and lost 10.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 also "buy"

Wall Street's median 12-month price target for Golden
Entertainment Inc is $48.00 
This summary was machine generated from LSEG data November 3 at
04:25 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.21           -2.10          Missed
 Jun. 30 2023      0.49           0.40           Missed
 Mar. 31 2023      0.54           0.38           Missed
 Dec. 31 2022      0.60           0.35           Missed