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Century Casinos (CNTY) Reports Q1 Loss, Misses Revenue Estimates

Group 1: Earnings Performance - Century Casinos reported a quarterly loss of $0.67 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.56, and compared to a loss of $0.45 per share a year ago, indicating a decline in performance [1] - The company posted revenues of $130.44 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 4.93% and down from $136.02 million year-over-year [2] - Over the last four quarters, Century Casinos has surpassed consensus EPS estimates only once, indicating ongoing challenges in meeting market expectations [2] Group 2: Stock Performance and Outlook - Century Casinos shares have declined approximately 53.7% since the beginning of the year, significantly underperforming the S&P 500, which has declined by only 3.8% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.31 on revenues of $153.3 million, and for the current fiscal year, it is -$1.11 on revenues of $609.3 million [7] - The estimate revisions trend for Century Casinos is currently unfavorable, resulting in a Zacks Rank 4 (Sell), suggesting that the shares are expected to underperform the market in the near future [6] Group 3: Industry Context - The Gaming industry, to which Century Casinos belongs, is currently ranked in the bottom 45% of over 250 Zacks industries, which may negatively impact the stock's performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, highlighting the importance of monitoring these revisions for investment decisions [5]