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Golden Entertainment (GDEN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended June 2024, Golden Entertainment (GDEN - Free Report) reported revenue of $167.33 million, down 41.6% over the same period last year. EPS came in at $0.16, compared to $0.40 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $176.34 million, representing a surprise of -5.11%. The company delivered an EPS surprise of -27.27%, with the consensus EPS estimate being $0.22.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Golden Entertainment performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Revenue - Nevada Casino Resorts

    : $101.09 million versus $109.10 million estimated by two analysts on average.
  • Net Revenue - Nevada Taverns

    : $28.15 million versus $28.80 million estimated by two analysts on average.
  • Net Revenue - Corporate and other

    : $0.22 million versus the two-analyst average estimate of $0.35 million.
  • Net Revenue - Nevada Locals Casinos

    : $37.87 million compared to the $39.10 million average estimate based on two analysts.
  • Adjusted EBITDA- Corporate and Other

    : -$10.92 million compared to the -$12.47 million average estimate based on three analysts.
  • Adjusted EBITDA- Nevada Casino Resorts

    : $27.39 million versus the three-analyst average estimate of $29.17 million.
  • Adjusted EBITDA- Nevada Taverns

    : $7.79 million versus $8.33 million estimated by three analysts on average.
  • Adjusted EBITDA- Nevada Locals Casinos

    : $16.93 million compared to the $17.77 million average estimate based on three analysts.
  • Adjusted EBITDA- Total Casinos

    : $41.19 million versus $46.93 million estimated by three analysts on average.
View all Key Company Metrics for Golden Entertainment here>>>

Shares of Golden Entertainment have returned -4.4% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

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