Century Casinos (CNTY) Reports Q4 Loss, Lags Revenue Estimates

Financial Performance - Century Casinos reported a quarterly loss of $0.69 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.59, and compared to a loss of $0.36 per share a year ago, indicating a significant decline in performance [1] - The company posted revenues of $137.77 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 3.86%, and down from $143.76 million in the same quarter last year [2] - Over the last four quarters, Century Casinos has surpassed consensus EPS estimates only two times, indicating inconsistent performance [2] Stock Performance and Outlook - Century Casinos shares have declined approximately 25% since the beginning of the year, contrasting with the S&P 500's decline of only 4.8%, highlighting underperformance in the market [3] - The current consensus EPS estimate for the upcoming quarter is -$0.37 on revenues of $145.8 million, and for the current fiscal year, it is -$0.85 on revenues of $631.2 million, suggesting continued challenges ahead [7] Industry Context - The gaming industry, to which Century Casinos belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, indicating a challenging environment that could impact stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could be a critical factor for investors [5]