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Stay Ahead of the Game With Golden Entertainment (GDEN) Q4 Earnings: Wall Street's Insights on Key Metrics
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Wall Street analysts expect Golden Entertainment (GDEN - Free Report) to post quarterly earnings of $0.22 per share in its upcoming report, which indicates a year-over-year increase of 22.2%. Revenues are expected to be $169.43 million, down 26.6% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Golden Entertainment metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts' assessment points toward 'Adjusted EBITDA- Nevada Casino Resorts' reaching $27.30 million. The estimate compares to the year-ago value of $29.66 million.
Analysts forecast 'Adjusted EBITDA- Nevada Taverns' to reach $7.15 million. Compared to the current estimate, the company reported $8.18 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Adjusted EBITDA- Nevada Locals Casinos' should come in at $16.80 million. The estimate is in contrast to the year-ago figure of $17.34 million.
The consensus estimate for 'Adjusted EBITDA- Total Casinos (Casino Resorts & Locals Casinos)' stands at $41.80 million. Compared to the current estimate, the company reported $48.76 million in the same quarter of the previous year.
Shares of Golden Entertainment have experienced a change of -8% in the past month compared to the -2.3% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), GDEN is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Stay Ahead of the Game With Golden Entertainment (GDEN) Q4 Earnings: Wall Street's Insights on Key Metrics
Wall Street analysts expect Golden Entertainment (GDEN - Free Report) to post quarterly earnings of $0.22 per share in its upcoming report, which indicates a year-over-year increase of 22.2%. Revenues are expected to be $169.43 million, down 26.6% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Golden Entertainment metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts' assessment points toward 'Adjusted EBITDA- Nevada Casino Resorts' reaching $27.30 million. The estimate compares to the year-ago value of $29.66 million.
Analysts forecast 'Adjusted EBITDA- Nevada Taverns' to reach $7.15 million. Compared to the current estimate, the company reported $8.18 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Adjusted EBITDA- Nevada Locals Casinos' should come in at $16.80 million. The estimate is in contrast to the year-ago figure of $17.34 million.
The consensus estimate for 'Adjusted EBITDA- Total Casinos (Casino Resorts & Locals Casinos)' stands at $41.80 million. Compared to the current estimate, the company reported $48.76 million in the same quarter of the previous year.
View all Key Company Metrics for Golden Entertainment here>>>
Shares of Golden Entertainment have experienced a change of -8% in the past month compared to the -2.3% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), GDEN is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>