Century Casinos (CNTY) Reports Q3 Loss, Lags Revenue Estimates

Summary of Century Casinos' Quarterly Performance Core Insights - Century Casinos reported a quarterly loss of $0.26 per share, which was better than the Zacks Consensus Estimate of a loss of$0.28, and an improvement from a loss of $0.47 per share a year ago [1] - The company generated revenues of$155.7 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.52% and down from $161.18 million year-over-year [2] - The stock has underperformed significantly, losing about 32.2$1.36 against an expected loss of $0.40, resulting in a surprise of -240$0.25 on revenues of $158.1 million, and for the current fiscal year, it is -$2.33 on revenues of $598.7 million [7] - The estimate revisions trend for Century Casinos is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Gaming industry, to which Century Casinos belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, suggesting potential challenges ahead [8] - The performance of Century Casinos may also be influenced by the upcoming results of Red Rock Resorts, another company in the same industry, which is expected to report a quarterly earnings decline of 38.3% [9]