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

Red Rock Resorts

07/05/2024 23:33

* Red Rock Resorts Inc  RRR.OQ  reported quarterly adjusted
earnings of 68 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 75 cents.  The mean expectation of thirteen analysts for
the quarter was for earnings of 66 cents per share. Wall Street
expected results to range from 45 cents to $1.08 per share.
    * Revenue rose 12.7% to $488.90 million from a year ago;
analysts
expected $489.64 million. 
    * Red Rock Resorts Inc's reported EPS for the quarter was 68
cents​.
    * The company reported quarterly net income of $42.84
million.
    * Red Rock Resorts Inc shares had fallen by 9.3% this
quarter and
gained 3.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 13.9%
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 10 "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 $66.00 
This summary was machine generated from LSEG data May 7 at 10:33
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
 Mar. 31 2024      0.66           0.68           Beat
 Dec. 31 2023      0.52           0.95           Beat
 Sep. 30 2023      0.48           0.60           Beat
 Jun. 30 2023      0.63           0.65           Beat