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Golden Entertainment (GDEN)
NASDAQ:GDEN
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.22Last Year’s EPS
-$0.33Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 1.93%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Neutral
While the company faces significant challenges with declining revenue and EBITDA, particularly in the Nevada Casino and Tavern segments, they have made strategic moves to strengthen their balance sheet and increase shareholder returns through share repurchases. The company is optimistic about future opportunities and market conditions, with expectations of stabilization in Q4. The call reflects a cautious outlook with efforts focused on long-term growth and value generation.Company Guidance
During the third quarter 2024 earnings call for Golden Entertainment (GDEN), the company reported a revenue of $161 million and an EBITDA of $34 million, noting a 5% decline in total revenue and a 21% drop in consolidated EBITDA from the previous year. The Nevada Casino Resorts segment saw a 6% decline in revenue and a 20% decrease in EBITDA, with significant drops attributed to the STRAT's midweek occupancy. The Nevada Locals Casinos segment experienced a 7% revenue decline and a 15% drop in EBITDA, with Arizona Charlie's Boulder showing the largest percentage decrease. The Nevada tavern segment reported a 2% revenue decline and a 29% EBITDA drop, impacted by initial operating expenses for seven new taverns and a minimum wage increase. Despite these challenges, the company anticipates stronger performance in Q4 and has increased its share repurchase authorization by $100 million, now totaling over $130 million in buyback capacity, reflecting confidence in their long-term strategy and financial health.Share Repurchase Increase
Increased share repurchase authorization by $100 million, now totaling over $130 million of buyback capacity.
Strong Capital Structure
Maintained a strong balance sheet with net leverage at approximately 2x EBITDA and $240 million availability under the revolving credit facility.
Market Share Growth in Laughlin
Despite lower visitation, Laughlin properties increased market share and reduced operating expenses.
Significant Debt Repayment
Repaid over $500 million of debt and returned nearly $150 million to shareholders through share repurchases and dividends.
Direct Business Success at the STRAT
Reduced OTA mix from over 70% to between 60% and 65%, with plans to lower it further.
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GDEN 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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GDEN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $30.53 | $31.95 | +4.65% |
| Aug 08, 2024 | $27.68 | $28.22 | +1.95% |
| May 08, 2024 | $29.91 | $31.67 | +5.88% |
| Feb 29, 2024 | $35.90 | $33.19 | -7.55% |
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 Golden Entertainment (GDEN) report earnings?
Golden Entertainment (GDEN) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Golden Entertainment (GDEN) earnings time?
Golden Entertainment (GDEN) 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 GDEN EPS forecast?
GDEN EPS forecast for the fiscal quarter 2024 (Q4) is $0.22.
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