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Century Casinos (CNTY)
NASDAQ:CNTY
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.3Last Year’s EPS
-$0.36Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 3.63%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Positive
The earnings call presented a balanced perspective with significant achievements like increased EBITDAR margin, successful property openings, and strong liquidity, countered by challenges such as a slight revenue decline and macroeconomic pressures on non-rated play. The sentiment leans positive with strategic growth and operational improvements in place.Company Guidance
During the Century Casinos Q3 2024 earnings call, the company provided guidance on several key metrics and operational updates. The company reported net revenue of $156 million, a decrease of 3% compared to the same quarter last year, with an adjusted EBITDAR of $32.9 million, down by 1%. Despite these declines, the consolidated EBITDAR margin increased from 20.6% to 21.1%. The temporary closure of a casino in Poland impacted revenue, but recent reopenings are expected to return to a run-rate of $10 million to $12 million in annual EBITDAR. The Nugget Casino Resort in Reno showed sequential growth with a 40% increase in revenue and doubled EBITDA compared to Q2, although still trailing last year's third quarter. Across its segments, including notable developments in Missouri and Colorado, the company anticipates a strong performance in 2025, projecting a transition to positive cash flow and aiming to delever significantly. They ended the quarter with $119 million in cash and $340 million in debt, targeting a net leverage reduction to 3x traditional and 5x lease-adjusted by next year. Additionally, the company plans to reduce CapEx to $16 million in 2025, facilitating substantial free cash flow growth and potential stock buybacks.Increased EBITDAR Margin
Consolidated EBITDAR margin increased from 20.6% to 21.1% despite a small decrease in net revenue.
Successful Openings
Reopened the casino in Poland and opened a new land-based casino and hotel in Caruthersville, Missouri, with a fantastic opening weekend setting an all-time record for coin-in and daily revenue.
East Segment Growth
Revenue in the East segment was up 7%, with EBITDAR up 5% due to improved performances at Mountaineer Casino Resort and Rocky Gap Casino Resort.
Nugget Casino Resurgence
Sequential revenue at the Nugget Casino Resort in Reno was up 40% with EBITDA doubling compared to Q2.
Positive Canadian Operations
Canada saw a 6% growth in EBITDAR primarily due to better cost control, despite a revenue decrease.
Strong Liquidity Position
Ended the quarter with $119 million in cash and no debt maturities until 2029, with plans to delever.
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CNTY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNTY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $3.31 | $3.70 | +11.78% |
| Aug 08, 2024 | $2.36 | $2.34 | -0.85% |
| May 09, 2024 | $3.14 | $3.04 | -3.18% |
| Mar 14, 2024 | $3.08 | $3.07 | -0.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Century Casinos (CNTY) report earnings?
Century Casinos (CNTY) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Century Casinos (CNTY) earnings time?
Century Casinos (CNTY) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNTY EPS forecast?
CNTY EPS forecast for the fiscal quarter 2024 (Q4) is -$0.3.
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