Full House Resorts (NASDAQ:FLL – Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.07), FiscalAI reports. The business had revenue of $81.78 million during the quarter, compared to analysts’ expectations of $81.90 million. Full House Resorts had a negative return on equity of 473.31% and a negative net margin of 12.23%.
Here are the key takeaways from Full House Resorts’ conference call:
- Third-quarter revenue rose 4.9% to $81.8 million, while Adjusted EBITDA was $14.6 million versus $14.8 million a year earlier; last year’s results included a favorable gaming-tax accrual adjustment in Colorado.
- American Place had its strongest quarter yet, and Rising Star and Silver Slipper also improved. Management said American Place continues to grow despite new competition and believes its planned permanent casino could eventually generate more than $100 million in annual EBITDA, before rent.
- At Chamonix, Full House has begun about $8 million in cost improvements and is targeting more than $10 million in total near-term bottom-line improvements. Management expects the changes, alongside revenue and group-business growth, to support $10 million–$20 million of EBITDA in 2027, though wildfire disruptions weighed on the quarter.
- Construction of American Place’s permanent casino remains contingent on completing a refinancing, particularly replacing existing bonds amid weak credit markets. The company has spent a few million dollars refining plans but is holding off on the next major site-work phase until financing is in place.
Full House Resorts Stock Down 14.1%
NASDAQ:FLL traded down $0.10 during trading hours on Friday, reaching $0.62. 977,367 shares of the company traded hands, compared to its average volume of 380,351. The business’s 50-day moving average price is $1.41 and its two-hundred day moving average price is $2.21. Full House Resorts has a 1 year low of $0.58 and a 1 year high of $3.37.
Wall Street Analysts Forecast Growth
FLL has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 2nd. Citigroup restated a “market outperform” rating on shares of Full House Resorts in a report on Friday, August 7th. Texas Capital cut shares of Full House Resorts from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 2nd. Citizens Jmp reduced their target price on Full House Resorts from $3.00 to $2.00 and set a “market outperform” rating on the stock in a report on Friday. Finally, Wall Street Zen lowered Full House Resorts from a “hold” rating to a “sell” rating in a research report on Saturday. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Full House Resorts currently has a consensus rating of “Hold” and a consensus price target of $3.00.
Get Our Latest Analysis on Full House Resorts
Full House Resorts Company Profile
Full House Resorts, Inc (NASDAQ:FLL) is a regional gaming and hospitality company that owns, operates, and manages casinos and related entertainment properties in the United States. Its properties typically offer casino gaming, hotel accommodations, restaurants, bars, live entertainment, and other amenities designed to serve local and destination visitors.
The company’s portfolio includes Chamonix Casino Hotel and Bronco Billy’s Casino in Cripple Creek, Colorado; Silver Slipper Casino Hotel in Bay St.
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