Isle of Capri Casinos Earnings: Everything You Must Know Now

Isle of Capri Casinos Inc. (NASDAQ:ISLE) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Isle of Capri Casinos Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 36.84% to $0.24 in the quarter versus EPS of $0.38 in the year-earlier quarter.

Revenue: Rose 16.89% to $282.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Isle of Capri Casinos Inc. reported adjusted EPS income of $0.24 per share. By that measure, the company missed the mean analyst estimate of $0.35. It beat the average revenue estimate of $279.21 million.

Quoting Management: Discussing the results, president and chief executive officer Virginia McDowell said, “Consistent with other regional gaming companies, the quarter presented a difficult operating environment in our markets, as the combination of continuing economic challenges, changes in payroll tax rates and the delay in income tax refunds led to softer business levels at our casinos. In addition, when compared to the extremely mild winter in fiscal 2012, there was significant impact from weather-related disruptions in the fiscal 2013 quarter. Finally, the fourth quarter of fiscal 2012 contained an extra 14th week compared to 13 weeks in this year’s quarter. Adjusting for the extra week in fiscal 2012 and last year’s insurance recoveries, we believe our results were in-line with other regional casino operators.”

Key Stats (on next page)…

Revenue increased 18.73% from $238.1 million in the previous quarter. EPS increased to $0.24 in the quarter versus EPS of $0.00 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.11 and has not changed. For the current year, the average estimate has moved up from a profit of $0.43 to a profit of $0.44 over the last ninety days.

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

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