Red Rock Resorts Inc reports results for the quarter ended in September 30 - Earnings Summary

Red Rock Resorts

08/11/2024 02:17

* Red Rock Resorts Inc  RRR.OQ  reported quarterly adjusted
earnings of 37 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 60 cents.  The mean expectation of
thirteen analysts for the quarter was for earnings of 52 cents
per share. Wall Street expected results to range from 32 cents
to $1.05 per share.
    * Revenue rose 13.7% to $468.02 million from a year ago;
analysts
expected $461.67 million. 
    * Red Rock Resorts Inc's reported EPS for the quarter was 48
cents​.
    * The company reported quarterly net income of $28.95
million.
    * Red Rock Resorts Inc shares had risen by 4.0% this
quarter and
gained 8.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.5%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 5
"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 Red Rock Resorts
Inc is 65.00 
This summary was machine generated from LSEG data November 8 at
02:17 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      0.52           0.37           Missed
 Jun. 30 2024      0.64           0.62           Missed
 Mar. 31 2024      0.66           0.68           Beat
 Dec. 31 2023      0.52           0.95           Beat