
Century Casinos (CNTY) Stock Forecast & Price Target
Century Casinos (CNTY) Analyst Ratings
Bulls say
Century Casinos Inc. has demonstrated strong financial performance, with EBITDAR at the Cape Girardeau location increasing by 11% year-over-year, driven by rising hotel and food & beverage revenues as the new hotel addition expands its reach. The company's acquisition strategy appears promising, evidenced by a 27% year-over-year growth in EBITDAR from recent property openings, with additional upside projected from the Nugget Casino and Rocky Gap properties. Furthermore, Century Casinos is positioned to generate free cash flow even at the lower end of its leverage range, with expectations for improved EBITDAR and free cash flow continuing into 2025.
Bears say
Century Casinos is experiencing significant challenges with its financial performance, as evidenced by its recent EBITDAR results, which missed projections by 5% and reflected a decline of 4% quarter-over-quarter and 17% year-over-year. The company faces headwinds from ongoing revenue declines attributed to under-scheduling of group and convention bookings, particularly affecting the newly acquired Nugget Casino and Rocky Gap properties. Additionally, the legal landscape around iGaming has led to cannibalization of traditional slot play, resulting in slower growth rates in markets that have embraced online gambling compared to those that have not.
This aggregate rating is based on analysts' research of Century Casinos and is not a guaranteed prediction by Public.com or investment advice.
Century Casinos (CNTY) Analyst Forecast & Price Prediction
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