Isle of Capri Casinos, Inc. is a developer, owner and operator of branded gaming and related lodging and entertainment facilities in growing markets in the United States.
Notably, the company’s persistent efforts to optimize its marketing and operating model has been driving top and bottom line performance. Moreover, improved quality of the company’s asset portfolio along with the rollout of new initiatives should further impel growth.
However, challenging weather conditions and increased promotional activity from competitors are limiting the company’s top-line growth.
Investors should note that the consensus estimate for ISLE has hardly witnessed any significant movement over the last 60 days. Meanwhile, ISLE’s earnings have been mostly strong over the past few quarters. In fact, the company posted positive earnings surprises in three of the last four quarters, with an average beat of 17.66%.
ISLE currently has a Zacks Rank #3 (Hold) but that could change following Isle of Capri Casinos’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: ISLE misses on earnings. Our consensus earnings estimate called for earnings per share of 29 cents, and the company reported earnings of 26 cents per share. Investors should note that these figures take out stock option expenses.
Revenues: ISLE reported revenues of $240.9 million. This lagged our consensus estimate of $247 million.
Key Stats to Note: Consolidated Adjusted EBITDA was $49.8 million in the first-quarter fiscal 2017, down 2.5% year over year.
Stock Price Impact: In-active in pre-market trading.
Check back later for our full write up on this ISLE earnings report later!
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Isle of Capri Casinos (ISLE) Lags Q1 Earnings & Revenues
Isle of Capri Casinos, Inc. is a developer, owner and operator of branded gaming and related lodging and entertainment facilities in growing markets in the United States.
Notably, the company’s persistent efforts to optimize its marketing and operating model has been driving top and bottom line performance. Moreover, improved quality of the company’s asset portfolio along with the rollout of new initiatives should further impel growth.
However, challenging weather conditions and increased promotional activity from competitors are limiting the company’s top-line growth.
Investors should note that the consensus estimate for ISLE has hardly witnessed any significant movement over the last 60 days. Meanwhile, ISLE’s earnings have been mostly strong over the past few quarters. In fact, the company posted positive earnings surprises in three of the last four quarters, with an average beat of 17.66%.
ISLE OF CAPRI Price and EPS Surprise
ISLE OF CAPRI Price and EPS Surprise | ISLE OF CAPRI Quote
ISLE currently has a Zacks Rank #3 (Hold) but that could change following Isle of Capri Casinos’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: ISLE misses on earnings. Our consensus earnings estimate called for earnings per share of 29 cents, and the company reported earnings of 26 cents per share. Investors should note that these figures take out stock option expenses.
Revenues: ISLE reported revenues of $240.9 million. This lagged our consensus estimate of $247 million.
Key Stats to Note: Consolidated Adjusted EBITDA was $49.8 million in the first-quarter fiscal 2017, down 2.5% year over year.
Stock Price Impact: In-active in pre-market trading.
Check back later for our full write up on this ISLE earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>