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Market Overview

Earnings Outlook For Golden Entertainment


On Thursday, March 11, Golden Entertainment (NASDAQ:GDEN) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Analysts covering Golden Entertainment have modeled for quarterly EPS loss of $0.35 on revenue of $200.95 million. Golden Entertainment reported a per-share loss of $0.28 when it published results during the same quarter last year. Sales in that period totaled $242.13 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to match the consensus estimate when it reports Thursday, EPS would have fallen 25.0%. Revenue would be down 17.01% from the year-ago period. Golden Entertainment's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate -0.85 -2.03 -0.31 -0.25
EPS Actual -0.25 -2.80 -1.17 -0.28
Revenue Estimate 173.95 M 57.02 M 223.12 M 237.70 M
Revenue Actual 205.40 M 75.97 M 207.16 M 242.13 M

Stock Performance

Shares of Golden Entertainment were trading at $23.74 as of March 09. Over the last 52-week period, shares are up 215.72%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Golden Entertainment is scheduled to hold the call at 16:30:00 ET and can be accessed here.


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Posted-In: BZI-EPEarnings