Red Rock Resorts Inc reports results for the quarter ended in December - Earnings Summary

Red Rock Resorts

07/02/2024 22:01

* Red Rock Resorts Inc  RRR.OQ  reported quarterly adjusted
earnings of 95 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.49.  The mean expectation of
twelve analysts for the quarter was for earnings of 52 cents per
share. Wall Street expected results to range from 31 cents to 83
cents per share.
    * Revenue rose 8.8% to $462.71 million from a year ago;
analysts
expected $439.64 million. 
    * Red Rock Resorts Inc's reported EPS for the quarter was 95
cents​.
    * The company reported quarterly net income of $56.3
million.
    * Red Rock Resorts Inc shares had risen by 3.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.4%
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 "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 3
"hold" and 1 "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 Red Rock Resorts
Inc is $55.00 
This summary was machine generated from LSEG data February 7 at
10:01 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.52           0.95           Beat
 Sep. 30 2023      0.48           0.60           Beat
 Jun. 30 2023      0.63           0.65           Beat
 Mar. 31 2023      0.53           0.75           Beat