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The Zacks Analyst Blog Highlights: Wynn Resorts, Monarch Casino & Resort, Century Casinos, Tesla
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For Immediate Release
Chicago, IL – November 21, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Wynn Resorts (WYNN - Free Report) , Monarch Casino & Resort (MCRI - Free Report) , Century Casinos (CNTY - Free Report) and Tesla (TSLA - Free Report) .
Here are highlights from Monday’s Analyst Blog:
3 Casino Stocks to Buy Now
Perhaps it’s because trading stocks can often mirror the thrill of winning big at the blackjack tables, or maybe it’s because Las Vegas conjures images of the world’s most flashy brands and businessmen. Regardless of the reason, it’s clear that gambling stocks are always among the most popular on Wall Street.
Luckily for investors, now is also a great time to be buying gambling stocks, as continued domestic strength, a great recovery in Macau, and overall international interest in gaming have led to rising share prices. In fact, according to our Zacks Industry Rank data, the overall gaming industry has gained more than 37.70% year-to-date, outpacing the S&P 500’s respectable 16.92% gain.
With casino stocks this hot right now, investors are not going to want to miss out. Luckily, we can use Zacks’ proven stock-picking methods to find solid stocks in any industry. Check out these casino stocks today:
1. Wynn Resorts
Led by the legendary Steve Wynn, this iconic gaming brand is looking strong after another solid earnings report. Wynn crushed estimates on the top and bottom line, expanded its operations in key markets, and posted EPS and revenue growth rates of over 100% and 45%, respectively. These great results have led to positive earnings estimate revisions, helping the stock earn a Zacks Rank #1 (Strong Buy).
Thanks to these revisions, the Zacks Consensus Estimate for Wynn’s upcoming fiscal year has gained a staggering 41 cents over the past 30 days. Furthermore, the company is growing its cash flow by nearly 12% and generating a whopping $7.61 in cash per share right now. Wynn’s valuation metrics might cause some hesitation, but its P/E of 28.72 and P/S of 2.64 are not far off the industry averages and certainly within a reasonable range.
2. Monarch Casino & Resort
Monarch Casino & Resort operates the Atlantis Casino Resort in Reno, Nevada, as well as the Monarch Black Hawk Casino in Black Hawk, Colorado. MCRI is currently sporting a Zacks Rank #2 (Buy). The company is projected to post modest growth figures this year, with current consensus estimates calling for EPS growth of 9% and revenue growth of 8%
Nevertheless, Monarch’s small property portfolio allows it to operate more efficiently than others in the casino industry. For example, the company’s historical cash flow growth of 12% and net margin of 12% significantly outpace the industry averages. Also, the company’s property in Reno is considered a hidden Tesla play, as the resort sits near the carmaker’s new gigafactory and should benefit from economic growth in the area.
3. Century Casinos
Century Casinos owns and operates six casinos in Colorado and Alberta, as well as several gaming services aboard cruise ships and within existing resorts. In its most recent quarter, Century surpassed the Zacks Consensus Estimate for earnings by an impressive 181%, recording year-over-year EPS growth of 287% in the process. CNTY is currently a Zacks Rank #1 (Strong Buy).
Looking ahead, our consensus estimate for Century’s upcoming fiscal year has gained six cents over the past 30 days, and we now expect the company to post EPS growth of 40% in that period. CNTY is also sporting an “A” grade for Momentum, primarily because of its nearly 20% surge over the past 12 weeks. However, with a P/E of 24.88 and a P/S of 1.27, Century is still presenting strong value, especially compared to its gaming industry peers.
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Wynn Resorts, Monarch Casino & Resort, Century Casinos, Tesla
For Immediate Release
Chicago, IL – November 21, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Wynn Resorts (WYNN - Free Report) , Monarch Casino & Resort (MCRI - Free Report) , Century Casinos (CNTY - Free Report) and Tesla (TSLA - Free Report) .
Here are highlights from Monday’s Analyst Blog:
3 Casino Stocks to Buy Now
Perhaps it’s because trading stocks can often mirror the thrill of winning big at the blackjack tables, or maybe it’s because Las Vegas conjures images of the world’s most flashy brands and businessmen. Regardless of the reason, it’s clear that gambling stocks are always among the most popular on Wall Street.
Luckily for investors, now is also a great time to be buying gambling stocks, as continued domestic strength, a great recovery in Macau, and overall international interest in gaming have led to rising share prices. In fact, according to our Zacks Industry Rank data, the overall gaming industry has gained more than 37.70% year-to-date, outpacing the S&P 500’s respectable 16.92% gain.
With casino stocks this hot right now, investors are not going to want to miss out. Luckily, we can use Zacks’ proven stock-picking methods to find solid stocks in any industry. Check out these casino stocks today:
1. Wynn Resorts
Led by the legendary Steve Wynn, this iconic gaming brand is looking strong after another solid earnings report. Wynn crushed estimates on the top and bottom line, expanded its operations in key markets, and posted EPS and revenue growth rates of over 100% and 45%, respectively. These great results have led to positive earnings estimate revisions, helping the stock earn a Zacks Rank #1 (Strong Buy).
Thanks to these revisions, the Zacks Consensus Estimate for Wynn’s upcoming fiscal year has gained a staggering 41 cents over the past 30 days. Furthermore, the company is growing its cash flow by nearly 12% and generating a whopping $7.61 in cash per share right now. Wynn’s valuation metrics might cause some hesitation, but its P/E of 28.72 and P/S of 2.64 are not far off the industry averages and certainly within a reasonable range.
2. Monarch Casino & Resort
Monarch Casino & Resort operates the Atlantis Casino Resort in Reno, Nevada, as well as the Monarch Black Hawk Casino in Black Hawk, Colorado. MCRI is currently sporting a Zacks Rank #2 (Buy). The company is projected to post modest growth figures this year, with current consensus estimates calling for EPS growth of 9% and revenue growth of 8%
Nevertheless, Monarch’s small property portfolio allows it to operate more efficiently than others in the casino industry. For example, the company’s historical cash flow growth of 12% and net margin of 12% significantly outpace the industry averages. Also, the company’s property in Reno is considered a hidden Tesla play, as the resort sits near the carmaker’s new gigafactory and should benefit from economic growth in the area.
3. Century Casinos
Century Casinos owns and operates six casinos in Colorado and Alberta, as well as several gaming services aboard cruise ships and within existing resorts. In its most recent quarter, Century surpassed the Zacks Consensus Estimate for earnings by an impressive 181%, recording year-over-year EPS growth of 287% in the process. CNTY is currently a Zacks Rank #1 (Strong Buy).
Looking ahead, our consensus estimate for Century’s upcoming fiscal year has gained six cents over the past 30 days, and we now expect the company to post EPS growth of 40% in that period. CNTY is also sporting an “A” grade for Momentum, primarily because of its nearly 20% surge over the past 12 weeks. However, with a P/E of 24.88 and a P/S of 1.27, Century is still presenting strong value, especially compared to its gaming industry peers.
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.