Back to top

Image: Bigstock

Surging Earnings Estimates Signal Good News for Century Casinos (CNTY)

Read MoreHide Full Article

Century Casinos, Inc. (CNTY - Free Report) is a limited-stakes gaming casino operator that could be an interesting play for investors. This is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CNTY’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Century Casinos could be a solid choice for investors.

Current Quarter Estimates for CNTY

In the past 30 days, one estimate has gone higher for Century Casinos while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 10 cents a share 30 days ago, to 14 cents per share today, a move of 40%.

Current Year Estimates for CNTY

Meanwhile, Century Casinos’ current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 44 cents per share 30 days ago to 56 cents per share today, an increase of 27.3%.

Century Casinos, Inc. Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 7.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Century Casinos, Inc. (CNTY) - free report >>

Published in