Ameristar Misses in Q2 – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/23254/Ameristar+Misses+in+Q2+-+Zacks+Tale+of+the+TapePosted on Wednesday, August 5th, 2009 | In Market Commentary, Stocks to Watch
Ameristar Casinos Inc. (ASCA) announced second-quarter adjusted earnings of 31 cents per share, which missed the Zacks Consensus Estimate by nearly 14%.
Shares of this Zacks #4 Rank (”Sell”) stock has slipped more than 11% so far today.
Revenue declined 5.9% to $308.9 million.
Three of 12 covering analysts have lowered expectations on the company’s full-year earnings, sending the Zacks Consensus Estimate down by 5 cents, or 3.3%, over the past month to $1.47 per share.
Next-year’s estimate has decreased by 8 cents, or 5.2%, over the past month to $1.45 per share.
Shares of ASCA are trading on heavier-than-usual volume of nearly 1.8 million, against the average daily volume of about 591,000.
“ASCA” Free Stock Analysis: Buy? Sell? Hold?
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