Century Casinos (NASDAQ:CNTY) Releases Earnings Results, Misses Estimates By $0.06 EPS

Century Casinos (NASDAQ:CNTY) released its quarterly earnings data on Friday. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.06), FiscalAI reports. The firm had revenue of $152.00 million for the quarter, compared to analyst estimates of $153.87 million. Century Casinos had a negative return on equity of 3,789.52% and a negative net margin of 9.88%.

Here are the key takeaways from Century Casinos’ conference call:

• Positive Sentiment: Century Casinos reported record second-quarter results, with net operating revenue rising 1% to $152 million and Adjusted EBITDAR increasing 5% to $31.7 million.
• Positive Sentiment: North American operations drove performance, with U.S. revenue up 5% and EBITDAR up 12%; first-half U.S. EBITDAR increased 16%. The Nugget was a standout, with revenue up 16% and EBITDAR up more than 93% for its third consecutive quarter of growth.
• Positive Sentiment: Management expects continued momentum, citing strong July EBITDA growth, the ramp-up of recent capital investments, lower planned 2026 capital expenditures of approximately $15 million, and net leverage falling below 6x by year-end.
• Negative Sentiment: Poland materially underperformed because of the Hilton Warsaw closure, startup losses at the new Wroclaw casino, and unusually low table-game hold; second-quarter EBITDAR was approximately $0.1 million. Management said July improved but characterized normalized annual EBITDAR potential as closer to $8 million than the previously cited $10 million.
• Neutral Sentiment: The company is exploring sales of its international operations in Canada and Poland to become more U.S.-centric and reduce leverage, with potential transaction announcements before year-end, though no definitive agreements have been reached.

Century Casinos Trading Up 1.7%

CNTY opened at $1.21 on Friday. The stock’s fifty day simple moving average is $1.29 and its 200 day simple moving average is $1.41. Century Casinos has a 1-year low of $1.14 and a 1-year high of $2.85. The stock has a market cap of $34.04 million, a PE ratio of -0.63 and a beta of 1.68.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Century Casinos from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Century Casinos presently has an average rating of “Hold” and a consensus price target of $3.00.

Hedge Funds Weigh In On Century Casinos

Several institutional investors and hedge funds have recently modified their holdings of CNTY. Veradace Capital Management LLC acquired a new stake in shares of Century Casinos during the 4th quarter worth about $2,076,000. Renaissance Technologies LLC grew its stake in Century Casinos by 58.5% in the 4th quarter. Renaissance Technologies LLC now owns 287,849 shares of the company’s stock valued at $383,000 after buying an additional 106,200 shares during the last quarter. Mink Brook Asset Management LLC raised its holdings in Century Casinos by 13.3% in the 2nd quarter. Mink Brook Asset Management LLC now owns 136,001 shares of the company’s stock valued at $288,000 after acquiring an additional 16,004 shares during the period. Goldman Sachs Group Inc. raised its holdings in Century Casinos by 35.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company’s stock valued at $199,000 after acquiring an additional 30,998 shares during the period. Finally, Squarepoint Ops LLC raised its holdings in Century Casinos by 18.5% in the 3rd quarter. Squarepoint Ops LLC now owns 75,635 shares of the company’s stock valued at $197,000 after acquiring an additional 11,793 shares during the period. 66.36% of the stock is currently owned by institutional investors and hedge funds.

Century Casinos Company Profile

Century Casinos, Inc is an international gaming and entertainment company that owns and operates casino properties across North America and Europe. The company offers a full range of gaming services, including slot machines, table games, poker rooms and sports wagering, complemented by hotel accommodations, food and beverage outlets, live entertainment and meeting facilities.

In the United States, Century Casinos’ portfolio includes Century Casino & Hotel Cripple Creek and Century Casino & Hotel Central City in Colorado, as well as Century Casino Cape Girardeau in Missouri.