Scientific Games has the Highest EBITDA Growth in the Casinos & Gaming Industry (SGMS, MGM, CNTY)
2 days 20 hours 10 minutes ago - Financial News Network Online - News Corner via Comtex
Below are the three companies in the Casinos & Gaming industry with the highest EBITDA Growth (next year estimate vs. LTM). EBITDA Growth can be valuable in predicting future cash flow generation and earnings power. Scientific Games (NASDAQ:SGMS) is highest with EBITDA growth of 65.4%. Scientific Games Corporation provides services, systems, and products to both the pari-mutuel gaming and instant ticket lottery industries. The Company operates an instant ticket and online lottery products, systems, and services business. Scientific also operates wagering and communications, venue management, and telecommunications products businesses. There is potential upside of 56.8% for shares of Scientific Games based on a current price of $8.69 and an average consensus analyst price target of $13.62. Scientific Games shares should encounter resistance at the 200-day moving average (MA) of $9.00 and support at the 50-day MA of $8.02.
MGM Resorts International (NYSE:MGM) is next with EBITDA growth of 64.5%. Thus far today, MGM Resorts International has traded 3.8 million shares, vs. average volume of 24.9 million shares per day. The stock has outperformed the Dow (1.3% to the Dow's -0.4%) and outperformed the S&P 500 (1.3% to the S&P's -0.7%) during today's trading.
Finishing up the top three is Century Casinos (NASDAQ:CNTY), with EBITDA growth of 47.1%. In the past 52 weeks, shares of Century Casinos have traded between a low of $2.11 and a high of $3.80 and are now at $2.73, which is 29% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.
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