We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Red Rock Resorts (RRR) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
For the quarter ended December 2023, Red Rock Resorts (RRR - Free Report) reported revenue of $462.71 million, up 8.8% over the same period last year. EPS came in at $0.95, compared to $1.00 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $440.42 million, representing a surprise of +5.06%. The company delivered an EPS surprise of +137.50%, with the consensus EPS estimate being $0.40.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Red Rock Resorts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating Revenues- Casino: $301.66 million versus the four-analyst average estimate of $287.19 million. The reported number represents a year-over-year change of +6.5%.
Net Revenue- Las Vegas operations: $459.37 million compared to the $439.10 million average estimate based on four analysts. The reported number represents a change of +9.5% year over year.
Operating Revenues- Food and Beverage: $85.07 million versus $78.53 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +15.3% change.
Operating Revenues- Other: $23.54 million versus the four-analyst average estimate of $23.57 million. The reported number represents a year-over-year change of +9%.
Operating Revenues- Room: $52.24 million compared to the $44.19 million average estimate based on four analysts. The reported number represents a change of +17.7% year over year.
Net Revenue- Corporate and other: $3.35 million versus the two-analyst average estimate of $3.64 million. The reported number represents a year-over-year change of -7.4%.
Adjusted EBITDA- Corporate and other: -$18.97 million compared to the -$18.21 million average estimate based on six analysts.
Adjusted EBITDA- Las Vegas Operations: $220.27 million compared to the $202.68 million average estimate based on six analysts.
Shares of Red Rock Resorts have returned +9.1% over the past month versus the Zacks S&P 500 composite's +5.6% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Red Rock Resorts (RRR) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended December 2023, Red Rock Resorts (RRR - Free Report) reported revenue of $462.71 million, up 8.8% over the same period last year. EPS came in at $0.95, compared to $1.00 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $440.42 million, representing a surprise of +5.06%. The company delivered an EPS surprise of +137.50%, with the consensus EPS estimate being $0.40.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Red Rock Resorts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating Revenues- Casino: $301.66 million versus the four-analyst average estimate of $287.19 million. The reported number represents a year-over-year change of +6.5%.
- Net Revenue- Las Vegas operations: $459.37 million compared to the $439.10 million average estimate based on four analysts. The reported number represents a change of +9.5% year over year.
- Operating Revenues- Food and Beverage: $85.07 million versus $78.53 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +15.3% change.
- Operating Revenues- Other: $23.54 million versus the four-analyst average estimate of $23.57 million. The reported number represents a year-over-year change of +9%.
- Operating Revenues- Room: $52.24 million compared to the $44.19 million average estimate based on four analysts. The reported number represents a change of +17.7% year over year.
- Net Revenue- Corporate and other: $3.35 million versus the two-analyst average estimate of $3.64 million. The reported number represents a year-over-year change of -7.4%.
- Adjusted EBITDA- Corporate and other: -$18.97 million compared to the -$18.21 million average estimate based on six analysts.
- Adjusted EBITDA- Las Vegas Operations: $220.27 million compared to the $202.68 million average estimate based on six analysts.
View all Key Company Metrics for Red Rock Resorts here>>>Shares of Red Rock Resorts have returned +9.1% over the past month versus the Zacks S&P 500 composite's +5.6% 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.