Century Casinos Q2 2024 GAAP EPS $(1.36) Misses $(0.33) Estimate, Sales $146.435M Miss $151.646M Estimate
Portfolio Pulse from Benzinga Newsdesk
Century Casinos (NASDAQ:CNTY) reported Q2 2024 GAAP EPS of $(1.36), significantly missing the $(0.33) estimate. Sales were $146.435M, also missing the $151.646M estimate. EPS decreased by 2166.67% year-over-year, while sales increased by 7.07%.
August 08, 2024 | 10:03 am
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NEGATIVE IMPACT
Century Casinos reported a significant miss on both EPS and sales estimates for Q2 2024. The EPS of $(1.36) was far below the $(0.33) estimate, and sales of $146.435M missed the $151.646M estimate. This indicates potential short-term negative impact on the stock price.
The significant miss on both EPS and sales estimates, combined with a drastic year-over-year decrease in EPS, suggests a likely short-term negative impact on Century Casinos' stock price. Investors may react negatively to the larger-than-expected losses and the failure to meet sales expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100