Caesars Entertainment Inc CZR.OQ reported a quarterly adjusted loss of 39 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from -11 cents to 24 cents per share.
Revenue rose 2.7% to $2.91 billion from a year ago; analysts expected $2.86 billion.
Caesars Entertainment Inc's reported EPS for the quarter was a loss of 39 cents.
The company reported a quarterly loss of $82 million.
Caesars Entertainment Inc shares had risen by 3.6% this quarter and lost 12.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 77.4% in the last three months.
In the last 30 days, four analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the casinos & gaming peer group is also "buy"
Wall Street's median 12-month price target for Caesars Entertainment Inc is $45.00, about 34.6% above its last closing price of $29.42
This summary was machine generated from LSEG data July 29 at 09:01 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)