Back to top

Image: Bigstock

Isle of Capri Casinos (ISLE) Lags Q3 Earnings & Revenues

Read MoreHide Full Article

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 have 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 mixed over the past few quarters. The company posted negative earnings surprises in three of the last four quarters, with an average miss of 13.82%.

Isle of Capri Casinos, Inc. Price and EPS Surprise

ISLE currently has a Zacks Rank #3 (Hold) but that could change following Isle of Capri Casinos’ earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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 18 cents, and the company reported earnings of 17 cents per share. Investors should note that these figures take out stock option expenses.

Revenues: ISLE reported revenues of $194 million. This lagged our consensus estimate of $203 million.

Key Stats to Note: Consolidated Adjusted EBITDA was $43.5 million in the third-quarter fiscal 2017, up 5.5% year over year.

Stock Price Impact: In-active in pre-market trading.

Check back for our full write up on this ISLE earnings report later!

The Best Place to Start Your Stock Search

Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 ""Strong Buy"" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 ""Strong Sells"" and other private research. See these stocks free >>

Published in