Century Casinos Third Quarter 2024 Earnings: In Line With Expectations

Century Casinos (NASDAQ:CNTY) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$155.7m (down 3.4% from 3Q 2023).
• Net loss: US$8.12m (loss narrowed by 43% from 3Q 2023).
• US$0.27 loss per share (improved from US$0.47 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Century Casinos Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are up 15% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Century Casinos that you need to be mindful of.

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