Full House Rsts Up 7.16% To $5.24 After Earnings Miss

Full House Resorts Inc (FLL) missed earnings estimates for Q4 2023 this afternoon.

The consensus among analysts for Full House Rsts was for an earnings per share (EPS) loss of $0.14 per share. The firm failed to meet those projections, reporting an EPS loss of $0.36 per share, a negative surprise of $0.22 (-157%). Profits fell 414% year-over-year after reporting an EPS loss of $0.07 per share in its year-ago quarter. The negative growth rate signals that the Consumer Cyclical company isn't performing well amid current economic conditions.

Revenues were downbeat at $60 million. That is an increase of 66.37% in revenues from the year-ago report and is 4.91% lower than consensus estimates set at $63.1 million.

The stock is up 7.16% to $5.24 after the report.

Full House Rsts's earnings expanded faster than revenues, signaling widening profit margins.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Full House Rsts a Bearish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 28. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Full House Resorts Inc, through its subsidiaries, owns, operates, develops, manages, and invests in casinos and related hospitality and entertainment facilities. It offers facility related to gaming, hotel, dining, entertainment, retail and other amenities. The group's operating segments include the Silver Slipper Casino and Hotel; the Bronco Billy's Casino and Hotel; Stockman's Casino; the Rising Star Casino Resort; and the Northern Nevada segment. There are some under construction projects too. Geographically, the casino operations of the company are managed in the United States. It derives revenues primarily from the gaming sources, which include revenues from slot machines, table games, keno, and sports betting.