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Golden Entertainment Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

Golden Entertainment (NASDAQ:GDEN) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$279.0m (down 1.2% from 3Q 2021).

  • Net income: US$14.0m (down 52% from 3Q 2021).

  • Profit margin: 5.0% (down from 10% in 3Q 2021).

  • EPS: US$0.49 (down from US$1.00 in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Golden Entertainment Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 26%.

Looking ahead, revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Hospitality industry in the US are expected to grow by 13%.

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Performance of the American Hospitality industry.

The company's shares are down 1.3% from a week ago.

Risk Analysis

We should say that we've discovered 4 warning signs for Golden Entertainment (2 can't be ignored!) that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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