Global Cash Access Holdings (GCA) Misses Q4 EPS by 1c, Offers FY15 Guidance

Global Cash Access Holdings (NYSE: GCA) reported Q4 EPS of $0.23, $0.01 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $152.1 million versus the consensus estimate of $142.45 million.

2015 Outlook

Reflecting the current operating and competitive environment, GCA estimates Adjusted EBITDA of between $218 million and $228 million in 2015 based on following key assumptions:

• Single digit revenue growth in our Payments business;
• Double-digit revenue growth in our Games business;
• Double-digit increase in research and development costs related to the Games business;
• Depreciation and amortization of $130 million to $135 million driven by our purchase price allocation for Multimedia Games, which significantly increased amortizable intangible assets;
• Cap-ex in the range of $60 million to $70 million, including contract rights; and,
• Interest expense of approximately $95 million exclusive of amortization of debt issuance costs.

For earnings history and earnings-related data on Global Cash Access Holdings (GCA) click here.

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