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Full House Resorts, Inc. (FLL) Reports Q3 Loss, Lags Revenue Estimates
FLLFull House Resorts(FLL) ZACKS·2024-11-07 00:45

Financial Performance - Full House Resorts reported a quarterly loss of 0.30pershare,significantlyworsethantheZacksConsensusEstimateofalossof0.30 per share, significantly worse than the Zacks Consensus Estimate of a loss of 0.06, marking an earnings surprise of -400% [1] - The company posted revenues of 75.69millionforthequarterendedSeptember2024,missingtheZacksConsensusEstimateby6.4475.69 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 6.44%, compared to revenues of 71.54 million a year ago [2] - The current consensus EPS estimate for the upcoming quarter is -0.10onrevenuesof0.10 on revenues of 80.2 million, and for the current fiscal year, it is -0.74onrevenuesof0.74 on revenues of 311.3 million [7] Stock Performance - Full House Resorts shares have declined approximately 4.7% since the beginning of the year, while the S&P 500 has gained 21.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Industry Outlook - The Gaming industry, to which Full House Resorts belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment [5]