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

• Golden Entertainment Inc GDEN.OQ reported quarterly adjusted earnings of 17 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of eight analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 12 cents to 25 cents per share.

• Revenue fell 2.2% to $163.62 million from a year ago; analysts expected $167.79 million.

• Golden Entertainment Inc's reported EPS for the quarter was 17 cents​.

• The company reported quarterly net income of $4.63 million.

• Golden Entertainment Inc shares had fallen by 8.6% this quarter and lost 14.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.2% in the last three months.​

• In the last 30 days, two 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," 2 "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 $35.50, about 24.6% above its last closing price of $26.76

This summary was machine generated from LSEG data August 8 at 04:13 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)