Golden EntertainmentNASDAQ: GDEN

Golden Entertainment is positioned for future growth through strategic initiatives and an undervalued stock price. Financial performance shows a decline in revenue due to asset sales, but improved margins indicate a more focused portfolio. Opportunities like Atomic Golf and tavern expansion offer potential for revenue growth, despite challenges in the competitive Nevada gaming market.

LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment” or the “Company”) today announced it has repriced and allocated its existing term loan credit facility due 2030 (the “Term Loan Facility”). The repricing amendment, which is subject to execution of definitive documentation and customary closing conditions, will reduce the applicable margin under the Term Loan Facility by 50 basis points, such that base rate loans and SOFR loans will bear interest at th.

Golden Entertainment (GDEN) lacks the necessary elements for a potential earnings surprise in its upcoming report. Be ready with the main expectations.

Golden Entertainment (GDEN) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Golden Entertainment, Inc. (NASDAQ:GDEN) Q4 2023 Earnings Conference Call February 29, 2024 5:00 PM ET

Golden Entertainment (GDEN) came out with quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.35 per share a year ago.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

After losing some value lately, a hammer chart pattern has been formed for Golden Entertainment (GDEN), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Golden Entertainment has delivered better-than-expected quarterly earnings and is expected to see FCF growth in 2024 and 2025. The company operates a diversified entertainment platform, including 8 casino properties and distributed gaming operations. Golden's focus on marketing, loyalty programs, and employee growth may lead to new net sales growth, but it faces risks from legal compliance and intense competition.