Century Casinos (CNTY) Tops Q4 EPS by 24c, Revenues Miss

Century Casinos (NASDAQ: CNTY) reported Q4 EPS of $0.22, $0.24 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $84.8 million versus the consensus estimate of $87.3 million.

Fourth Quarter 2020 Highlights*

• Net operating revenue was $84.8 million, an increase of 26% from the three months ended December 31, 2019.
• Earnings from operations were $18.7 million, an increase of 227% from the three months ended December 31, 2019.
• Net earnings attributable to Century Casinos, Inc. shareholders were $6.7 million, a change of 133% from the three months ended December 31, 2019.
• Adjusted EBITDA** was $18.3 million, an increase of 87% from the three months ended December 31, 2019.
• Basic earnings per share were $0.23, an increase of 134% from the three months ended December 31, 2019.
• Diluted earnings per share were $0.22, an increase of 132% from the three months ended December 31, 2019.

"We are pleased with the strong Adjusted EBITDA for the fourth quarter even though our casinos in Canada and Poland were closed in December over the busy holiday season. These results were driven primarily by our properties in the US, which generated 82% of our Adjusted EBITDA in the fourth quarter," Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked. "We have been able to achieve operating margins that we believe will continue to be attainable. We look forward to our casinos and racetracks reopening in Canada and to a busy summer season in North America if the pandemic subsides," Messrs. Haitzmann and Hoetzinger concluded.

For earnings history and earnings-related data on Century Casinos (CNTY) click here.

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