Full House Resorts Earnings: Your Sneak Peek to the Big Announcement

Full House Resorts (AMEX:FLL) will report earnings before markets open on Thursday, May 9th. Full House Resorts, Inc. owns, develops and manages gaming facilities. The Company owns a casino in Nevada and through an investment in a joint venture company has a management contract with a casino in Delaware as well as has a management agreement with the Nottawaseppi Huron Band of Potawatomi Indians for the development and management of a casino/resort in Michigan.

Here is your Cheat Sheet to Full House Resorts Earnings:

Earnings Expectations: Analysts expect earnings of $0.02 per share on revenues of $39.44 million. Currently, the company’s P/E ratio stands at 1.85.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.04 to a profit $0.02. For the current year, the average estimate is a profit of $0.11, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Full House Resorts has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 9.67 19.01 32.90 105.46 128.76
Diluted EPS ($) 0.08 0.26 0.43 0.13 1.49

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 32.52 33.33 27.84 30.13 37.46
Diluted EPS ($) 0.0256 1.38 0.04 0.11 -0.0445

Past Performance:
Full House Resorts has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)