Century Casinos (CNTY) reported a quarterly loss of $0.14 per share for the period ended December 2022, missing the Zacks Consensus Estimate of a $0.02 profit. This was a significant decrease from earnings of $0.13 per share in the same quarter a year prior, marking an 800% earnings surprise decline. The company’s revenues for the quarter totaled $103.75 million, which also fell short of expectations by 1.09% and declined from $107.3 million year-over-year.
Over the past four quarters, Century Casinos has only surpassed consensus EPS estimates once and will hold an earnings call to address future expectations, which may influence stock performance. Currently, the consensus EPS estimate for the next quarter is $0.15 on projected revenues of $107.9 million and $1.05 on revenues of $565.47 million for the full fiscal year. Despite these challenges, Century Casinos shares have increased around 19.6% since the beginning of the year.
