CENTURY CASINOS Reports Q2 FY2023 Earnings Results on June 30, 2023
August 25, 2023
🌥️Earnings Overview
CENTURY CASINOS ($NASDAQ:CNTY) reported their earnings for the second quarter of FY2023 on June 30, 2023. Total revenue saw a rise of 23.1% from the same period the year before, totaling USD 136.8 million. Unfortunately, net income decreased from 8.9 million in the same quarter of the prior fiscal year to USD -2.0 million.
Price History
The stock opened on Tuesday at $7.7 and closed at $7.5, resulting in a 5.2% drop from its previous closing price of $7.9. Both earnings and revenue came in slightly above analyst expectations. Despite this slight increase in revenue, the company’s stock continued to take a hit due to investors’ concerns about the sustainability of the current market environment. It will be interesting to see how CENTURY CASINOS stock reacts to the results of the second quarter earnings report. The company has been able to maintain a steady growth rate, and with continued successes in the coming quarters, the stock could potentially regain its losses from June 30th.
Additionally, investors may look to the company for further guidance on its future plans and strategies for growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Century Casinos. More…
| Total Revenues | Net Income | Net Margin |
| 461.57 | -4.3 | -1.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Century Casinos. More…
| Operations | Investing | Financing |
| 32.41 | -125.58 | 5.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Century Casinos. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 999.24 | 752.64 | 4.77 |
Key Ratios Snapshot
Some of the financial key ratios for Century Casinos are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.7% | 117.3% | 16.6% |
| FCF Margin | ROE | ROA |
| -0.9% | 33.3% | 4.8% |
Analysis
Analyzing CENTURY CASINOS‘s financials with GoodWhale, we can see that their star chart indicates that they are strong in growth, medium in profitability, and weak in asset and dividend. We classify them as a ‘rhino’, which is a type of company that has achieved moderate revenue or earnings growth. Investors who are looking for a long-term return and are comfortable with some risk will likely be interested in CENTURY CASINOS. Our analysis also shows that CENTURY CASINOS has an intermediate health score of 6/10 with regard to their cashflows and debt, making it likely that they will be able to safely ride out any crisis without the risk of bankruptcy. More…
Peers
The company was founded in 1992 and is headquartered in Colorado Springs, Colorado. The company operates casinos, racetracks, and off-track betting facilities. The company’s competitors include Full House Resorts Inc, MGM China Holdings Ltd, and Macau Legend Development Ltd.
– Full House Resorts Inc ($NASDAQ:FLL)
Full House Resorts Inc is a gaming and resort company that owns, develops, and operates gaming establishments and related hospitality properties. It has a market cap of 236.56M as of 2022 and a Return on Equity of 16.8%. The company’s properties include casinos, hotels, and restaurants.
– MGM China Holdings Ltd ($SEHK:02282)
MGM China Holdings Ltd is a holding company that owns and operates casinos and resorts in Macau. The company has a market cap of 15.66B as of 2022 and a Return on Equity of -41969.86%. MGM China Holdings Ltd is a subsidiary of MGM Resorts International.
– Macau Legend Development Ltd ($OTCPK:MALDF)
Macau Legend Development Ltd is a casino resort developer and operator in Macau. The company operates the Macau Fisherman’s Wharf and the Babylon Casino, among other properties. Macau Legend Development Ltd has a market cap of 163.52M as of 2022. The company’s Return on Equity for the same year is -12.92%.
Summary
CENTURY CASINOS had reported their second quarter of FY2023 earnings results on June 30 2023. Total revenue was USD 136.8 million, showing an impressive 23.1% growth from the same period the previous year. Unfortunately, net income was reported at a loss of USD -2.0 million, a decrease from 8.9 million in the same quarter of the prior fiscal year.
This financial report prompted investors to respond negatively, as the stock price moved down that same day. Thus, investors should proceed cautiously when considering investing in CENTURY CASINOS due to the company’s poor performance in terms of net income and the potential for further losses in the near future.
Related Posts
Recent Posts
