Bally's Corporation (BALY - Free Report) reported $606.21 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 9.7%. EPS of -$0.25 for the same period compares to $0.32 a year ago.
The reported revenue represents a surprise of -1.11% over the Zacks Consensus Estimate of $613 million. With the consensus EPS estimate being -$0.16, the EPS surprise was -56.25%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Bally's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Casinos & Resorts: $333.16 million compared to the $337.50 million average estimate based on two analysts. The reported number represents a change of +11.1% year over year.
- Revenue- International Interactive: $247.77 million versus the two-analyst average estimate of $242.90 million. The reported number represents a year-over-year change of +5.6%.
- Revenue- North America Interactive: $25.27 million versus the two-analyst average estimate of $25.20 million. The reported number represents a year-over-year change of +40%.
- Adjusted EBITDA- Other: -$16.54 million versus -$13.60 million estimated by three analysts on average.
- Adjusted EBITDA- International Interactive: $84.57 million versus $81.23 million estimated by three analysts on average.
- Adjusted EBITDA- North America Interactive: -$17.69 million compared to the -$11.50 million average estimate based on three analysts.
- Adjusted EBITDA- Casinos & Resorts: $79.69 million versus $108.60 million estimated by three analysts on average.
View all Key Company Metrics for Bally's here>>>Shares of Bally's have returned +6.6% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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Bally's Corporation (BALY - Free Report) reported $606.21 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 9.7%. EPS of -$0.25 for the same period compares to $0.32 a year ago.
The reported revenue represents a surprise of -1.11% over the Zacks Consensus Estimate of $613 million. With the consensus EPS estimate being -$0.16, the EPS surprise was -56.25%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Bally's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Casinos & Resorts: $333.16 million compared to the $337.50 million average estimate based on two analysts. The reported number represents a change of +11.1% year over year.
- Revenue- International Interactive: $247.77 million versus the two-analyst average estimate of $242.90 million. The reported number represents a year-over-year change of +5.6%.
- Revenue- North America Interactive: $25.27 million versus the two-analyst average estimate of $25.20 million. The reported number represents a year-over-year change of +40%.
- Adjusted EBITDA- Other: -$16.54 million versus -$13.60 million estimated by three analysts on average.
- Adjusted EBITDA- International Interactive: $84.57 million versus $81.23 million estimated by three analysts on average.
- Adjusted EBITDA- North America Interactive: -$17.69 million compared to the -$11.50 million average estimate based on three analysts.
- Adjusted EBITDA- Casinos & Resorts: $79.69 million versus $108.60 million estimated by three analysts on average.
View all Key Company Metrics for Bally's here>>>Shares of Bally's have returned +6.6% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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