NASDAQ$CNTY
Century Casinos Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Century Casinos reported a net operating revenue increase of 5% and earnings from operations increase of 41% compared to the same period last year.
Century Casinos announced its Q1 2023 financial results, which showed an increase in net operating revenue by 5% and a significant increase in earnings from operations by 41%. However, the company experienced a net loss attributable to shareholders, and a loss per share.
- Net operating revenue increased by 5% to $108.5 million.
- Earnings from operations increased by 41% to $18.4 million.
- Net loss attributable to Century Casinos, Inc. shareholders was ($1.2) million.
- Loss per share was ($0.04).
Headline financials
Revenue & EPS history
Century Casinos · Revenue · Quarterly
$109M
Forward guidance
The company anticipates meaningful growth from the Nugget Casino Resort acquisition and expects it to have an immediate impact on net income.
Tailwinds
- Each reportable segment had revenue growth for Q1 2023 compared to Q1 2022.
- Construction of the hotel in Cape Girardeau, Missouri and the land-based casino and hotel in Caruthersville, Missouri continues with good progress.
- The acquisition of the Nugget Casino Resort was completed on April 3, 2023.
- The company has begun to integrate the Nugget operations.
- The company anticipates an immediate impact to net income from the Nugget Casino Resort acquisition.
Headwinds
- Interest expense increased by $6.8 million due to additional debt under the Goldman Credit Agreement.
- Approximately $2.6 million of additional interest expense was incurred from interest on the $100.0 million in escrow to fund the OpCo Acquisition without the benefit of net income from the Nugget Casino.
- Net loss attributable to Century Casinos, Inc. shareholders decreased by ($1.5) million.
- Loss per share was ($0.04).
- Corporate and Other segment reported a loss from operations of $2.5 million.
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 2023
+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
| Quarter | Report date | Reaction (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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