Bally's Corp reports results for the quarter ended in January - Earnings Summary

Bally's

02/05/2024 14:21

* Bally's Corp  BALY.N  reported a quarterly adjusted loss
of
$3.61​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of
$-3.54.  The mean expectation of nine analysts for the quarter
was for a loss of $1.11 per share. Wall Street expected
results to range from $-1.45 to -41 cents per share.
    * Revenue rose 3.3% to $618.48 million from a year ago;
analysts
expected $626.78 million. 
    * Bally's Corp's reported EPS for the quarter was a loss of
$3.61​.
    * The company reported a quarterly loss of $173.91 million.
    * Bally's Corp shares had fallen by 5.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 354.2% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the casinos &
gaming
peer group is also "hold"

Wall Street's median 12-month price target for Bally's Corp is
$12.78 
This summary was machine generated from LSEG data May 2 at 01:21
p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -1.11          -3.61          Missed
 Dec. 31 2023      -0.53          -2.29          Missed
 Sep. 30 2023      -0.09          -1.15          Missed
 Jun. 30 2023      -0.20          -0.48          Missed