Century Casinos Q1 EPS $(0.45) Beats $(0.46) Estimate, Sales $136.02M Miss $139.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
Century Casinos (NASDAQ:CNTY) reported Q1 losses of $(0.45) per share, missing the consensus estimate of $(0.42) by 7.14%, marking a 1025% increase in losses from last year. Sales were $136.02M, missing estimates by 2.78% but showing a 25.35% increase from the previous year.
May 09, 2024 | 10:07 am
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Century Casinos reported a larger than expected Q1 loss and missed sales estimates, but showed significant sales growth YOY.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially driving the stock price down. However, the significant year-over-year sales growth could mitigate some negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100