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What's In Store For Century Casinos (CNTY) Q4 Earnings?

By Zacks Investment ResearchStock MarketsMar 02, 2020 09:17PM ET
www.investing.com/analysis/whats-in-store-for-century-casinos-cnty-q4-earnings-200512899
What's In Store For Century Casinos (CNTY) Q4 Earnings?
By Zacks Investment Research   |  Mar 02, 2020 09:17PM ET
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Century Casinos, Inc. (NASDAQ:CNTY) is likely to witness improvement in the bottom line when it reports fourth-quarter 2019 results. In the last reported quarter, the company posted a negative earnings surprise of 75%.

Q4 Expectations

The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 4 cents. In the year-ago quarter, the company had reported earnings of 2 cents per share. However, in the past 30 days, the company’s earnings estimates have moved south by a penny.

For quarterly revenues, the consensus mark is pegged at nearly $59.4 million. The projected figure suggests a 31.7% improvement from the prior-year quarter’s levels.

Let’s discuss the factors that are likely to get reflected in Century Casinos’ fourth-quarter 2019 performance.

Century Casinos, Inc. Price and EPS Surprise

Century Casinos, Inc. Price and EPS Surprise
Century Casinos, Inc. Price and EPS Surprise

Century Casinos, Inc. price-eps-surprise | Century Casinos, Inc. Quote

Factors at Play

Strong performance in Canada, U.S. and Poland operations is likely to have had positively impacted the company’s fourth-quarter performance. Further, the consensus mark for revenues from operations in Canada, U.S. and Poland is at $21.9 million, $15.6 million and $20 million that indicate growth of 39.4%, 97.5% and 2.6%, respectively, from the year-ago quarter’s figures.

Acquisition of three U.S. casino operations — Isle Cape Girardeau, Lady Luck Caruthersville and Mountaineer — is likely to have driven the company’s results in the quarter. Moreover, robust performance of Century Mile Racetrack and Casino in South Edmonton also bode well. The company is also benefiting from legalization of sports betting outside Nevada.

What the Zacks Model Says

Our proven model does not conclusively predict an earnings beat for Century Casinos this time around. A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings. This is not the case here, as you will see below.

Earnings ESP: Century Casinos has an Earnings ESP of -14.30%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Century Casinos has a Zacks Rank #5 (Strong Sell).

Stocks With Favorable Combinations

Here are some companies that investors may consider as our model shows that these have the right combination of elements to post earnings beat this season:

Abercrombie & Fitch Company (NYSE:ANF) has an Earnings ESP of +0.12% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

G-III Apparel Group, LTD. (NASDAQ:GIII) has an Earnings ESP of +2.71% and a Zacks Rank #2.

Dollar Tree, Inc. (NASDAQ:DLTR) has an Earnings ESP of +0.32% and a Zacks Rank #3.

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>



Dollar Tree, Inc. (DLTR): Free Stock Analysis Report

Abercrombie & Fitch Company (ANF): Free Stock Analysis Report

G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report

Century Casinos, Inc. (CNTY): Free Stock Analysis Report

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What's In Store For Century Casinos (CNTY) Q4 Earnings?
 

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What's In Store For Century Casinos (CNTY) Q4 Earnings?

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