Golden Entertainment(US:GDEN) ZACKS·2024-11-08 01:01Core Insights - Golden Entertainment reported a revenue of $161.23 million for the quarter ended September 2024, reflecting a 37.4% decrease year-over-year and a slight miss of 0.61% against the Zacks Consensus Estimate of $162.22 million [1] - The company achieved an EPS of $0.18, a significant improvement from -$0.02 in the same quarter last year, resulting in an EPS surprise of +80.00% compared to the consensus estimate of $0.10 [1] Financial Performance Metrics - Net Revenue from Nevada Casino Resorts was $99.55 million, slightly below the average estimate of $101.90 million [3] - Net Revenue from Nevada Locals Casinos reached $35.41 million, exceeding the average estimate of $33.70 million [3] - Net Revenue from Nevada Taverns was $26.04 million, surpassing the average estimate of $25.65 million [3] - Total Casino Revenues amounted to $161.23 million, significantly above the average estimate of $135.60 million [3] - Net Revenue from Corporate and Other was $0.24 million, below the average estimate of $0.35 million [3] - Adjusted EBITDA for Corporate and Other was -$10.19 million, better than the average estimate of -$12.17 million [3] - Adjusted EBITDA for Nevada Casino Resorts was $24.61 million, lower than the average estimate of $26.70 million [3] - Adjusted EBITDA for Nevada Taverns was $5.32 million, below the average estimate of $6.50 million [3] - Adjusted EBITDA for Nevada Locals Casinos was $14.27 million, slightly below the average estimate of $15.07 million [3] - Total Adjusted EBITDA for Casinos was $34.01 million, significantly lower than the average estimate of $41.77 million [3] Stock Performance - Over the past month, shares of Golden Entertainment have returned +3.1%, compared to a +3.2% change in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [4]