Century Casinos beats Q2 revenue estimates, announces strategic review
Overview
Century Casinos Q2 net operating revenue rises 3%, beating analyst expectations
Earnings from operations up 16%, adjusted EBITDAR increases 10%
Co initiates strategic review to enhance shareholder value
This could include sale of the company among other alternatives to be reviewed
Outlook
Company to launch sports betting in Missouri in Q4 2025
Century Casinos to open new casino in Poland in Q4 2025
Result Drivers
CARUTHERSVILLE OPENING - New casino and hotel in Caruthersville, Missouri boosts net operating revenue by 26% and Adjusted EBITDAR by 31%
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $150.80 mln | $149.20 mln (4 Analysts) |
Q2 Adjusted EBITDA |
| $30.30 mln |
|
Q2 Earnings from Operations |
| $16.60 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "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 Century Casinos Inc is $4.00, about 44.8% above its August 6 closing price of $2.21
Press Release: ID:nCNWP7Bb0a
