Bally's Corp expected to post a loss of $1.11 a share - Earnings Preview

Bally's

29/04/2024 23:33

* Bally's Corp  BALY.N   BALY.K  is expected to show a rise
in
quarterly revenue when it reports  results on May 1 for the
period ending March 31 2024
    * The Providence Rhode Island-based  company is expected to
report
a 4.7% increase in revenue to $626.783 million from $598.72
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Net Revenue)
    * ​LSEG's mean analyst estimate for Bally's Corp is for a
loss of
$1.11 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 2.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Bally's
Corp is
$11.78​, below​ its last closing price of $13.73. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.52       -0.53      -2.29     Missed  -332.9
 Sep. 30 2023  -0.07       -0.09      -1.15     Missed  -1,216
                                                        .8
 Jun. 30 2023  -0.18       -0.20      -0.48     Missed  -140.7
                                                        ​
 Mar. 31 2023  -0.25       -0.28      -3.54     Missed  -1,186
                                                        .7
 ​​Dec.        -0.02       0.02       -0.42     Missed  -2,780
 31 2022                                                .9
 Sep. 30 2022  0.30        0.30       0.01      Missed  -96.7​
 Jun. 30 2022  0.23        0.25       0.98      Beat    295.2
 Mar. 31 2022  -0.27       -0.19      0.03      Beat    115.9
 This summary was machine generated April 29 at 22:33 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)