Full House Resorts (NASDAQ:FLL) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Full House Resorts (NASDAQ:FLL) issued its quarterly earnings data on Thursday. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.07), FiscalAI reports. The company had revenue of $78.06 million for the quarter, compared to analyst estimates of $78.42 million. Full House Resorts had a negative return on equity of 971.29% and a negative net margin of 12.06%.

Here are the key takeaways from Full House Resorts’ conference call:

• Positive Sentiment: Consolidated revenue increased 5.6% and adjusted EBITDA rose 19.5%, led by the American Place and Chamonix properties.
• Positive Sentiment: American Place posted another record quarter, with revenue up 13.4% to $34.8 million and property EBITDA up 13.8% to $10.1 million. Management said July was its second-best gaming-revenue month and expects further growth ahead of the permanent casino.
• Positive Sentiment: Chamonix revenue rose nearly 12% and property EBITDA improved from a $1.2 million loss a year ago to roughly breakeven, supported by more targeted marketing, stronger VIP play, and new casino-host and management hires. Management sees substantial longer-term upside as hotel occupancy and high-end gaming improve.
• Positive Sentiment: The company secured approvals to operate the American Place temporary facility through February 2029 and amended its Waukegan development agreement to retain the structure for up to five years after the permanent casino opens, potentially allowing it to become an event or entertainment venue.
• Negative Sentiment: The refinancing remains unfinished despite substantial legal progress, with management targeting completion in the third quarter. The permanent Waukegan casino is now more likely to open around the third quarter of 2028, and financing costs are expected to be in the high-single-digit range, with some components potentially reaching low double digits.

Full House Resorts Stock Up 11.0%

Shares of NASDAQ FLL traded up $0.24 during mid-day trading on Friday, hitting $2.43. The company had a trading volume of 267,670 shares, compared to its average volume of 105,481. The company has a market capitalization of $88.11 million, a PE ratio of -2.38 and a beta of 1.24. The firm has a 50-day simple moving average of $2.59 and a two-hundred day simple moving average of $2.52. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 187.23. Full House Resorts has a one year low of $2.02 and a one year high of $4.29.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FLL. Private Management Group Inc. increased its position in shares of Full House Resorts by 1.0% during the 3rd quarter. Private Management Group Inc. now owns 1,725,285 shares of the company’s stock worth $5,538,000 after purchasing an additional 17,551 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Full House Resorts by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,599,602 shares of the company’s stock valued at $5,135,000 after buying an additional 39,075 shares during the last quarter. 1060 Capital LLC acquired a new stake in shares of Full House Resorts in the 4th quarter valued at approximately $1,044,000. LPL Financial LLC grew its stake in shares of Full House Resorts by 17.1% in the fourth quarter. LPL Financial LLC now owns 365,571 shares of the company’s stock valued at $954,000 after buying an additional 53,500 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Full House Resorts by 282.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 343,233 shares of the company’s stock valued at $1,102,000 after buying an additional 253,536 shares in the last quarter. 37.68% of the stock is owned by institutional investors and hedge funds.

More Full House Resorts News

Here are the key news stories impacting Full House Resorts this week:

• Positive Sentiment: Full House reported second-quarter revenue of approximately $78.1 million, up 5.6% year over year, while gross profit increased 5.1% to $40.4 million. American Place posted record results, providing evidence of continued operating momentum. Full House Resorts Lifts Revenue 5.6% as American Place Sets Records
• Positive Sentiment: Management said Chamonix could generate annual EBITDA of $30 million to $40 million once fully ramped. The company also expects to complete a refinancing in the third quarter, which could improve liquidity and reduce balance-sheet pressure if successful. Full House Resorts Targets Chamonix EBITDA and Refinancing
• Positive Sentiment: Citizens JMP maintained a “market outperform” rating, indicating confidence in potential upside despite lowering its price target from $4.00 to $3.00. Citizens JMP Price Target Update
• Neutral Sentiment: The company’s earnings call focused on property-level growth and the planned refinancing, offering investors additional detail on how management expects to improve profitability. Full House Resorts Q2 2026 Earnings Call Transcript
• Negative Sentiment: Full House posted a net loss attributable to common shareholders of $8.7 million, or $0.24 per diluted share, versus the $0.17 loss analysts expected. Revenue also came in slightly below consensus, and the company ended the quarter with $33.4 million in cash and approximately $643.4 million in total liabilities. Full House Resorts Q2 2026 Earnings

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Weiss Ratings upgraded Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 31st. Wall Street Zen downgraded Full House Resorts from a “hold” rating to a “sell” rating in a research report on Saturday. Citizens Jmp decreased their price target on shares of Full House Resorts from $4.00 to $3.00 and set a “market outperform” rating for the company in a research note on Friday. Finally, Citigroup reiterated a “market outperform” rating on shares of Full House Resorts in a report on Friday. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Full House Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $3.50.

About Full House Resorts

Full House Resorts, Inc (NASDAQ: FLL) is a gaming, lodging and entertainment company headquartered in Summerfield, Nevada. Founded in 1987, the company designs, develops and operates casino resorts and ancillary hospitality facilities in multiple U.S. markets. Its business model emphasizes regional gaming properties that combine slot machines, table games, hotel accommodations and live entertainment to serve a broad customer base.

The company’s property portfolio spans five states, including Bronco Billy’s Casino & Hotel and Grand Lodge Casino in Black Hawk, Colorado; Silver Slipper Casino Hotel and Harlow’s Casino Resort in Mississippi; Running Aces Harness Park & Casino in Minnesota; Rising Star Casino Resort in Indiana; and Stockman’s Casino in Nevada.