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Golden Entertainment (GDEN)
NASDAQ:GDEN
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.14Last Year’s EPS
1.37Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -9.93%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced perspective with significant achievements such as capital optimization and shareholder returns being offset by challenges like year-over-year revenue decline and occupancy issues at The STRAT. The call's sentiment is a blend of positive strategic moves and operational hurdles that need addressing.Company Guidance
During the Golden Entertainment Fourth Quarter 2024 Earnings Conference Call, the company provided detailed guidance on its financial performance and strategic initiatives. The company reported Q4 2024 revenue of $164 million and EBITDA of $39 million, contributing to full-year revenue and EBITDA of $667 million and $155 million, respectively. Despite a year-over-year decline in Q4 results, there was marked improvement from Q3, with sequential EBITDA growth across properties, excluding Laughlin due to seasonal factors. The company highlighted the successful divestiture of non-core assets, generating over $600 million, which was used to optimize the capital structure, including reducing leverage to 2.3x EBITDA and repaying over $500 million of debt. In 2024, Golden Entertainment also returned nearly $190 million to shareholders through share repurchases and dividends, with a Q4 buyback of 1.1 million shares for $36 million. The company anticipates improving performance in 2025, driven by organic growth at The STRAT, stabilization of new taverns, and Nevada's favorable economic conditions. Additionally, Golden Entertainment remains open to strategic acquisitions, focusing on opportunities that align with its commitment to enhancing shareholder value.Streamlined Portfolio and Capital Optimization
Golden Entertainment completed the sale of its Nevada distributed business, generating over $600 million, which was used to optimize capital structure and reduce leverage.
Shareholder Returns
The company instituted a regular quarterly dividend and repurchased 2.9 million shares, representing 14% of the free float, with $113 million returned to shareholders in 2024.
Improved Sequential Performance
Q4 2024 operations generated $164 million in revenue and $39 million EBITDA, with material sequential EBITDA improvements at all properties except Laughlin.
Nevada Locals Casinos Performance
Nevada Locals Casinos saw increased revenue and EBITDA over the previous year with an EBITDA margin improving to 46%.
Debt Reduction and Strong Balance Sheet
Total funded debt reduced to approximately $400 million, with net leverage at 2.3x EBITDA and $220 million remaining availability under the revolving credit facility.
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GDEN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GDEN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $30.83 | $31.09 | +0.84% |
| Nov 07, 2024 | $30.53 | $31.95 | +4.65% |
| Aug 08, 2024 | $27.68 | $28.22 | +1.95% |
| May 08, 2024 | $29.91 | $31.67 | +5.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Golden Entertainment (GDEN) report earnings?
Golden Entertainment (GDEN) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Golden Entertainment (GDEN) earnings time?
Golden Entertainment (GDEN) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GDEN EPS forecast?
GDEN EPS forecast for the fiscal quarter 2025 (Q1) is 0.14.
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