NASDAQ$CNTY

Century Casinos Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Announced record third quarter results driven by acquired US casinos.

Century Casinos reported record third-quarter results, with net operating revenue and Adjusted EBITDA reaching all-time highs, driven by the acquisition of the Eldorado properties and a focus on streamlining the cost structure.

  • Net operating revenue increased by 81% to $95.7 million compared to Q3 2019.
  • Earnings from operations increased by 331% to $15.0 million compared to Q3 2019.
  • Net earnings attributable to Century Casinos, Inc. shareholders increased by 678% to $3.7 million compared to Q3 2019.
  • Adjusted EBITDA increased by 213% to $22.2 million compared to Q3 2019.

Headline financials

Total Revenue

$95.7M

Previous: $52.9M+80.8%
EPS (adj)

$0.13

Previous: $0.02+550.0%
Adjusted EBITDAR

$22.2M

Previous: $7.09M+213.2%
Capital Expenditures

-$8.08M

Previous: -$18.5M+56.3%
Free Cash Flow

-$4.34M

Previous: -$18M+76.0%
Net Income

$3.75M

Previous: $482K+677.6%
Operating Income

$15M

Previous: $3.48M+331.4%
Gross Profit

$95.7M

Previous: $52.9M+80.8%
Cash & Equivalents

$62.1M

Previous: $44M+41.0%
Total Assets

$672M

Previous: $340M+97.7%
Stock-Based Comp

$354K

Previous: $358K-1.1%

Revenue & EPS history

Century Casinos · Revenue · Quarterly

$95.7M

Q3 2020+80.8%vs Q3 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

The COVID-19 pandemic is expected to negatively impact results for the remainder of 2020 and potentially into 2021, with the duration and ultimate impact remaining uncertain.

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 Q3 2020

Historical avgQ3 2020

+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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