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?
Zacks Investment Research