Bally's Corp reports results for the quarter ended in September 30 - Earnings Summary

Bally's

07/11/2024 04:13

* Bally's Corp  BALY.N  reported a quarterly adjusted loss
of
$5.10​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$-1.15.  The mean expectation of eight analysts for the quarter
was for a loss of 17 cents per share. Wall Street expected
results to range from -39 cents to 26 cents per share.
    * Revenue fell 0.4% to $629.97 million from a year ago;
analysts
expected $656.12 million. 
    * Bally's Corp's reported EPS for the quarter was a loss of
$5.10​.
    * The company reported a quarterly loss of $247.86 million.
    * Bally's Corp shares had risen by 1.4% this quarter and
gained 25.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20.7%
in the last three months.​ 
    * In the last 30 days, two 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," 8
"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
$18.25 
This summary was machine generated from LSEG data November 7 at
04:13 a.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
 Sep. 30 2024      -0.17          -5.10          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