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

Full House Resorts (NASDAQ:FLL) posted 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 firm had revenue of $78.06 million during the quarter, compared to the consensus estimate 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 Trading Up 11.0%

FLL stock traded up $0.24 during mid-day trading on Friday, reaching $2.43. 267,670 shares of the stock traded hands, compared to its average volume of 105,481. 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 52-week low of $2.02 and a 52-week high of $4.29. The company has a market cap of $88.11 million, a P/E ratio of -2.38 and a beta of 1.24. The stock’s fifty day moving average is $2.59 and its 200-day moving average is $2.52.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. HRT Financial LP purchased a new stake in shares of Full House Resorts in the 4th quarter valued at approximately $27,000. Jane Street Group LLC purchased a new position in Full House Resorts during the 1st quarter worth approximately $54,000. Tower Research Capital LLC TRC grew its position in Full House Resorts by 570.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 15,708 shares of the company’s stock worth $57,000 after purchasing an additional 13,366 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in Full House Resorts during the 2nd quarter valued at $60,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Full House Resorts in the fourth quarter valued at $89,000. 37.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Full House Resorts Company Profile

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.