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Countdown to Golden Entertainment (GDEN) Q2 Earnings: Wall Street Forecasts for Key Metrics
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Wall Street analysts forecast that Golden Entertainment (GDEN - Free Report) will report quarterly earnings of $0.22 per share in its upcoming release, pointing to a year-over-year decline of 45%. It is anticipated that revenues will amount to $176.34 million, exhibiting a decline of 38.5% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 1.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Golden Entertainment metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Adjusted EBITDA- Nevada Casino Resorts' will reach $29.17 million. The estimate is in contrast to the year-ago figure of $28.04 million.
The average prediction of analysts places 'Adjusted EBITDA- Nevada Locals Casinos' at $17.77 million. Compared to the present estimate, the company reported $19.47 million in the same quarter last year.
According to the collective judgment of analysts, 'Adjusted EBITDA- Total Casinos' should come in at $46.93 million. The estimate compares to the year-ago value of $53.41 million.
Shares of Golden Entertainment have demonstrated returns of -3.2% over the past month compared to the Zacks S&P 500 composite's -5.9% change. With a Zacks Rank #5 (Strong Sell), GDEN is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Countdown to Golden Entertainment (GDEN) Q2 Earnings: Wall Street Forecasts for Key Metrics
Wall Street analysts forecast that Golden Entertainment (GDEN - Free Report) will report quarterly earnings of $0.22 per share in its upcoming release, pointing to a year-over-year decline of 45%. It is anticipated that revenues will amount to $176.34 million, exhibiting a decline of 38.5% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 1.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Golden Entertainment metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Adjusted EBITDA- Nevada Casino Resorts' will reach $29.17 million. The estimate is in contrast to the year-ago figure of $28.04 million.
The average prediction of analysts places 'Adjusted EBITDA- Nevada Locals Casinos' at $17.77 million. Compared to the present estimate, the company reported $19.47 million in the same quarter last year.
According to the collective judgment of analysts, 'Adjusted EBITDA- Total Casinos' should come in at $46.93 million. The estimate compares to the year-ago value of $53.41 million.
View all Key Company Metrics for Golden Entertainment here>>>
Shares of Golden Entertainment have demonstrated returns of -3.2% over the past month compared to the Zacks S&P 500 composite's -5.9% change. With a Zacks Rank #5 (Strong Sell), GDEN is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>