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

Bally's

01/11/2023 13:32

* Bally's Corp  BALY.N  reported a quarterly adjusted loss
of
$1.15​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 1
cents.  The mean expectation of nine analysts for the quarter
was for a loss of 9 cents per share. Wall Street expected
results to range from -34 cents to 11 cents per share.
    * Revenue rose 9.4% to $632.48 million from a year ago;
analysts
expected $634.55 million. 
    * Bally's Corp's reported EPS for the quarter was a loss of
$1.15​.
    * The company reported a quarterly loss of $61.8 million.
    * Bally's Corp shares had fallen by 30.4% this quarter and
lost 52.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 151.9% 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 3 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Bally's
Corp is
$15.50 

This summary was machine generated from LSEG data November 1 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.09          -1.15          Missed
 Jun. 30 2023      -0.20          -0.48          Missed
 Mar. 31 2023      -0.28          -3.54          Missed
 Dec. 31 2022      0.02           -0.42          Missed