NASDAQ$CNTY

Century Casinos Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Announced first quarter 2021 results.

Century Casinos reported a net operating revenue of $72.4 million, a decrease of 17% compared to the same period last year. Earnings from operations was $8.2 million, an increase of 126% from the same period last year. Net loss attributable to Century Casinos, Inc. shareholders was ($1.4) million, and Adjusted EBITDA was $14.7 million, an increase of 53% from the same period last year.

  • Net operating revenue was $72.4 million, a decrease of 17% from the three months ended March 31, 2020.
  • Earnings from operations was $8.2 million, an increase of 126% from the three months ended March 31, 2020.
  • Net loss attributable to Century Casinos, Inc. shareholders was ($1.4) million, a change of 97% from the three months ended March 31, 2020.
  • Adjusted EBITDA was $14.7 million, an increase of 53% from the three months ended March 31, 2020.

Headline financials

Total Revenue

$72.4M

Previous: $87.7M-17.4%
EPS (adj)

-$0.05

Previous: -$1.55+96.8%
Capital Expenditures

-$1.6M

Previous: -$4.37M+63.4%
Free Cash Flow

-$3.02M

Previous: -$50.2M+94.0%
Net Income

-$1.42M

Previous: -$45.9M+96.9%
Operating Income

$8.25M

Previous: -$31.8M+126.0%
Gross Profit

$72.4M

Previous: $87.7M-17.4%
Cash & Equivalents

$66M

Previous: $63.7M+3.6%
Total Assets

$674M

Previous: $670M+0.5%
Stock-Based Comp

$259K

Previous: -$14K+1950.0%

Revenue & EPS history

Century Casinos · Revenue · Quarterly

$72.4M

Q1 2021-17.4%vs Q1 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Company looks forward to the reopening of casinos in Poland and Canada and to a busy summer season in North America as the pandemic subsides.

Tailwinds

  • Reopening of casinos in Poland on May 8
  • Casinos and racetracks reopening in Canada
  • Busy summer season in North America as the pandemic subsides

Headwinds

  • COVID-19 pandemic has had an adverse effect on the Company’s 2020 and first quarter 2021 results of operations and financial condition
  • The Company expects this situation will continue to have an adverse impact on its results in 2021
  • The duration and ultimate impact of the COVID-19 pandemic otherwise remains uncertain
  • The Company’s Canada properties are currently closed
  • Its Poland casinos closed most recently on March 20, 2021

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.9%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+1.2%

Avg return

30 days after

54%

34 / 63 earnings

Positive

+32.7%

Q4 2020

Best reaction

-42.7%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%-2.8%-1.4%
Q4 2025-7.7%-8.3%+3.4%
Q3 2025-6.5%-11.6%-21.5%
Q1 2025+2.9%+10.2%+24.3%
Q4 2024-21.4%-21.0%-42.4%
Q3 2024+19.9%+38.7%+23.6%
Q2 2024-1.3%-13.6%+3.4%
Q1 2024-1.9%-5.7%-17.5%
Q4 2023+1.6%-10.4%+2.5%
Q3 2023-1.1%+4.6%-4.0%
Q2 2023-7.2%-10.6%-28.0%
Q1 2023-2.7%-6.8%+5.9%
Q4 2022-13.8%-12.4%-16.1%
Q3 2022-4.4%+0.3%-0.1%
Q2 2022-5.1%-4.2%-14.3%
Q1 2022-16.8%-23.8%-13.6%
Q4 2021+2.0%+1.6%+1.7%
Q3 2021+12.6%+8.9%-3.6%
Q2 2021+15.9%+21.7%+14.8%
Q1 2021+13.9%+13.4%+15.2%
Q4 2020+32.7%+23.2%+20.6%
Q3 2020+9.0%-0.9%+30.6%
Q2 2020+8.5%+21.0%+42.5%
Q1 2020+23.5%+18.4%+17.7%
Q4 2019-42.7%-67.5%-12.0%
Q3 2019-1.1%-2.7%+0.3%
Q2 2019-4.6%-4.3%-10.0%
Q1 2019+0.0%+0.2%-0.8%
Q4 2018+5.5%+8.1%+10.6%
Q3 2018+10.7%+11.3%+8.8%
Q2 2018+1.1%-4.2%-1.0%
Q1 2018+6.8%+9.2%+9.3%
Q4 2017-1.4%-6.4%-11.8%
Q3 2017+3.8%+4.4%+0.0%
Q2 2017-5.2%-4.2%-4.7%
Q1 2017+1.5%-0.3%-6.9%
Q4 2016+9.7%+10.5%+8.7%
Q3 2016-2.7%-0.9%+9.6%
Q2 2016+0.2%-1.9%+1.6%
Q1 2016+9.8%
Q4 2015-10.2%
Q3 2015+1.2%
Q2 2015+7.9%
Q1 2015+2.0%
Q4 2014+5.0%
Q3 2014-2.7%
Q2 2014-3.1%
Q1 2014-0.7%
Q4 2013+5.9%
Q3 2013-17.9%
Q2 2013+15.0%
Q1 2013+4.7%
Q4 2012+0.2%
Q3 2012-9.4%
Q2 2012-5.4%
Q1 2011-0.3%
Q1 2012+0.3%
Q4 2011-6.2%
Q3 2011+7.0%
Q3 2010+7.0%
Q2 2011+8.2%
Q2 2010+8.2%
Q1 2010-2.1%

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