Overview

* Golden Entertainment ( GDEN ) Q2 revenue declines, missing analyst expectations, per LSEG data

* Adjusted EBITDA for Q2 misses consensus, reflecting operational challenges

* Co repurchased 514,150 shares, returning capital to shareholders

Result Drivers

* SEGMENT PERFORMANCE - Nevada Casino Resorts and Taverns reported reduced revenues, impacting overall performance

* NET INCOME INCREASE - Despite revenue challenges, net income rose significantly due to improved operational efficiency

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $163.60 $167.80

Revenue mln mln (7

Analysts

)

Q2 Net $4.60

Income mln

Q2 Miss $38.40 $39 mln

Adjusted mln (7

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the casinos & gaming peer group is "buy"

* Wall Street's median 12-month price target for Golden Entertainment Inc ( GDEN ) is $35.50, about 24.2% above its August 6 closing price of $26.90

* The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 33 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)