Century Casinos Earnings Calls

Q4 2024 (Upcoming)
Release date Mar 13, 2025
EPS estimate -$0.590
EPS actual -
Revenue estimate 142.621M
Revenue actual -
Expected change +/- 10.32%
Q3 2024 Beat
-$0.260 (7.14%)
Release date Nov 04, 2024
EPS estimate -$0.280
EPS actual -$0.260
EPS Surprise 7.14%
Revenue estimate 148.38M
Revenue actual 155.701M
Revenue Surprise 4.93%
Q2 2024 Missed
-$1.36 (-240.00%)
Release date Aug 08, 2024
EPS estimate -$0.400
EPS actual -$1.36
EPS Surprise -240.00%
Revenue estimate 151.65M
Revenue actual 146.435M
Revenue Surprise -3.44%
Q1 2024 Beat
-$0.450 (15.09%)
Release date May 09, 2024
EPS estimate -$0.530
EPS actual -$0.450
EPS Surprise 15.09%
Revenue estimate 139.91M
Revenue actual 136.017M
Revenue Surprise -2.78%

Last 4 Quarters for Century Casinos

Below you can see how CNTY performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q1 2024 Beat
Release date May 09, 2024
Fiscal end date Mar 31, 2024
Price on release $3.04
EPS estimate -$0.530
EPS actual -$0.450
EPS surprise 15.09%
Date Price
May 03, 2024 $3.10
May 06, 2024 $3.23
May 07, 2024 $3.09
May 08, 2024 $3.14
May 09, 2024 $3.04
May 10, 2024 $3.08
May 13, 2024 $2.89
May 14, 2024 $2.96
May 15, 2024 $2.89
4 days before -1.94%
4 days after -4.93%
On release day 1.32%
Change in period -6.77%
Q2 2024 Missed
Release date Aug 08, 2024
Fiscal end date Jun 30, 2024
Price on release $2.34
EPS estimate -$0.400
EPS actual -$1.36
EPS surprise -240.00%
Date Price
Aug 02, 2024 $2.67
Aug 05, 2024 $2.51
Aug 06, 2024 $2.39
Aug 07, 2024 $2.36
Aug 08, 2024 $2.34
Aug 09, 2024 $2.33
Aug 12, 2024 $2.09
Aug 13, 2024 $2.04
Aug 14, 2024 $2.01
4 days before -12.36%
4 days after -14.10%
On release day -0.427%
Change in period -24.72%
Q3 2024 Beat
Release date Nov 04, 2024
Fiscal end date Sep 30, 2024
Price on release $3.70
EPS estimate -$0.280
EPS actual -$0.260
EPS surprise 7.14%
Date Price
Oct 29, 2024 $3.30
Oct 30, 2024 $3.34
Oct 31, 2024 $3.36
Nov 01, 2024 $3.31
Nov 04, 2024 $3.70
Nov 05, 2024 $3.97
Nov 06, 2024 $3.87
Nov 07, 2024 $4.12
Nov 08, 2024 $4.59
4 days before 12.12%
4 days after 24.05%
On release day 7.30%
Change in period 39.09%
Q4 2024 (Upcoming)
Release date Mar 13, 2025
Fiscal end date Dec 30, 2024
Price on release -
EPS estimate -$0.590
EPS actual -
Date Price
Feb 07, 2025 $3.00
Feb 10, 2025 $3.07
Feb 11, 2025 $3.02
Feb 12, 2025 $3.01
Feb 13, 2025 $3.17

Century Casinos Earnings Call Transcript Summary of Q3 2024

  • Financial Performance:
    • Net Revenue: $156 million, down 3% compared to Q3 2023.
    • Adjusted EBITDAR: $32.9 million, relatively stable with a decrease of only 1%.
    • Consolidated EBITDAR Margin: Improved from 20.6% to 21.1%.
    • The decline in revenue was primarily due to the temporary closure of a casino in Poland, which has since reopened.
  • Recent Developments:
    • Reopening of Polish Casino: Recently reopened a key casino in Roslov, expected to return to a run rate of $10 million to $12 million in annual EBITDAR.
    • Caruthersville Opening: Successfully launched a new land-based casino and hotel in Missouri on November 1, with strong opening weekend performance.
    • Operational Improvements: Positive trends observed in other properties, including Cape Girardeau, which has seen revenue growth due to a new hotel and increased food and beverage sales.
  • Market Trends and Customer Behavior:
    • Customer spending is stable but lower among the retail and low-end consumers, likely due to macroeconomic conditions.
    • Mixed performance noted across properties, with some seeing growth while others face challenges from new competitors or event cancellations.
  • Segment Performance:
    • East Segment: Revenue up 7%, EBITDAR up 5% due to marketing strategies.
    • Midwest Segment: Revenue flat, EBITDAR down 5%, with challenges from the new facility in Caruthersville.
    • West Segment (Nugget Casino): Sequential growth with revenue up 40% compared to Q2, though still trailing Q3 2023 figures.
  • Balance Sheet and Capital Expenditure:
    • Debt and Liquidity: Ended the quarter with $119 million in cash, $340 million in outstanding debt, and a net leverage ratio of 4.7 times.
    • CapEx Plans: A total of $38 million for 2024 is planned, expected to decrease to $16 million in 2025 after key openings, contributing to increased free cash flow.
  • Future Outlook:
    • The company maintains a positive outlook for 2025 driven by new openings and improved operational efficiency.
    • Expected free cash flow generation between $25 million and $30 million in 2025, alongside plans for stock buybacks.
  • Operational Focus:
    • Continued emphasis on cost control and operational efficiencies to enhance profitability.
    • Plans to optimize customer offerings and drive group business to increase revenue potential.

Conclusion

Century Casinos demonstrated resilience through stable EBITDAR margins despite revenue declines, and key casino openings signal optimism for future growth. Investors should note the focus on improving efficiency, reducing capital expenditures, and potential stock buybacks as signs of strong cash flow management moving forward.

Century Casinos Earnings History

Earnings Calendar

FAQ

When is the earnings report for CNTY?
Century Casinos (CNTY) has scheduled its earnings report for Mar 13, 2025 before the markets open.

What is the CNTY price-to-earnings (P/E) ratio?
CNTY P/E ratio as of Feb 13, 2025 (TTM) is -1.25.

What is the CNTY EPS forecast?
The forecasted EPS (Earnings Per Share) for Century Casinos (CNTY) for the first fiscal quarter 2024 is -$0.590.

What are Century Casinos's retained earnings?
On its balance sheet, Century Casinos reported retained earnings of $155.70 million for the latest quarter ending Sep 30, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT CENTURY CASINOS
Century Casinos
Century Casinos, Inc. operates as a casino entertainment company in the United States, Canada, and Poland. The company develops and operates gaming establishments, as well as related lodging, restaurant, horse racing, and entertainment facilities. As of March 8, 2022, it operated two ship-based casinos. The company was founded in 1992 and is based in Colorado Springs, Colorado....
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