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Bear of the Day: Golden Entertainment (GDEN)
Golden EntertainmentGolden Entertainment(US:GDEN) ZACKSยท2025-03-05 13:00

Company Overview - Golden Entertainment, Inc. operates a diversified entertainment platform in the United States, with four segments: Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming [2] - The company also manages casinos, casino resorts, taverns, and slot machines in third-party non-casino locations [2] Financial Performance - Golden Entertainment is currently rated as Zacks Rank 5 (Strong Sell) due to three analysts cutting their earnings estimates for the current and next year [3] - The Zacks Consensus Estimates for the current year have decreased from 85 cents to 61 cents, indicating a forecasted earnings contraction of 64% this year [3] - For the next year, earnings estimates have been revised down from $1.05 to 88 cents, but there is an expected return to growth at 44% [3] Industry Context - The gaming industry is ranked in the top 35% of the Zacks Industry Rank, indicating a relatively strong position within the market [4] - There are several companies within the gaming industry that are performing well, including Flutter Entertainment (Zacks Rank 1, Strong Buy) and Accel Entertainment (Zacks Rank 2, Buy) [4]