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

Bally's

31/07/2024 22:06

* Bally's Corp  BALY.N  reported a quarterly adjusted loss
of
$1.24​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -48
cents.  The mean expectation of nine analysts for the quarter
was for a loss of $1.43 per share. Wall Street expected
results to range from $-2.20 to -27 cents per share.
    * Revenue rose 2.5% to $621.66 million from a year ago;
analysts
expected $639.48 million. 
    * Bally's Corp's reported EPS for the quarter was a loss of
$1.24​.
    * The company reported a quarterly loss of $60.2 million.
    * Bally's Corp shares had risen by 44.0% this quarter and
gained 23.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 44.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 9
"hold" and no "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
$13.50 
This summary was machine generated from LSEG data July 31 at
09:06 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
 Jun. 30 2024      -1.43          -1.24          Beat
 Mar. 31 2024      -0.96          -3.61          Missed
 Dec. 31 2023      -0.44          -2.29          Missed
 Sep. 30 2023      -0.09          -1.15          Missed