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Tale of the Tape

Zacks Equity Research

Isle of Capri Casinos (ISLE) Lags Q2 Earnings & Revenues
December 01, 2016

ISLE

Trades from $3

Isle of Capri Casinos, Inc. (ISLE - Free Report) 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 mixed over the past few quarters. The company posted positive earnings surprises in two of the last four quarters, with an average miss of 3.68%.

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. 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 20 cents, and the company reported earnings of 13 cents per share. Investors should note that these figures take out stock option expenses.

Revenues: ISLE reported revenues of $198.6 million. This lagged our consensus estimate of $210 million.

Key Stats to Note: Consolidated Adjusted EBITDA was $42.9 million in the second-quarter fiscal 2017, down 0.9% year over year.

Stock Price Impact: At the time of writing, the stock price of Isle of Capri Casinos was down over 6% during pre-market trading hours following the earnings release.

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

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