Ameristar Casinos (Nasdaq: ASCA ) reported earnings on Oct. 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Ameristar Casinos met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped.
Gross margins expanded, operating margins dropped, net margins dropped.
Ameristar Casinos reported revenue of $298.0 million. The 15 analysts polled by S&P Capital IQ anticipated revenue of $300.0 million on the same basis. GAAP reported sales were 2.1% lower than the prior-year quarter's $304.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.48. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.48 per share. GAAP EPS of $0.48 for Q3 were 14% lower than the prior-year quarter's $0.56 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 49.1%, 50 basis points better than the prior-year quarter. Operating margin was 19.2%, 90 basis points worse than the prior-year quarter. Net margin was 5.4%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $292.8 million. On the bottom line, the average EPS estimate is $0.37.
Next year's average estimate for revenue is $1.20 billion. The average EPS estimate is $2.13.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 194 members out of 244 rating the stock outperform, and 50 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give Ameristar Casinos a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ameristar Casinos is outperform, with an average price target of $20.54.
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