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.
Unlocking Q1 Potential of Red Rock Resorts (RRR): Exploring Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts forecast that Red Rock Resorts (RRR - Free Report) will report quarterly earnings of $0.50 per share in its upcoming release, pointing to a year-over-year decline of 33.3%. It is anticipated that revenues will amount to $489.12 million, exhibiting an increase of 12.8% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Red Rock Resorts metrics that Wall Street analysts commonly model and monitor.
Analysts forecast 'Operating Revenues- Room' to reach $48.64 million. The estimate points to a change of +10.7% from the year-ago quarter.
The combined assessment of analysts suggests that 'Net Revenue- Las Vegas operations' will likely reach $470.57 million. The estimate indicates a change of +9.4% from the prior-year quarter.
Analysts' assessment points toward 'Operating Revenues- Casino' reaching $319.75 million. The estimate indicates a change of +10.9% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Operating Revenues- Food and Beverage' of $84.36 million. The estimate suggests a change of +7.9% year over year.
It is projected by analysts that the 'Operating Revenues- Other' will reach $21.79 million. The estimate indicates a year-over-year change of -5.6%.
According to the collective judgment of analysts, 'Net Revenue- Corporate and other' should come in at $3.65 million. The estimate indicates a change of +1.6% from the prior-year quarter.
Based on the collective assessment of analysts, 'Adjusted EBITDA- Las Vegas Operations' should arrive at $229.51 million. Compared to the current estimate, the company reported $214.09 million in the same quarter of the previous year.
Shares of Red Rock Resorts have demonstrated returns of -11.7% over the past month compared to the Zacks S&P 500 composite's -1.6% change. With a Zacks Rank #3 (Hold), RRR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unlocking Q1 Potential of Red Rock Resorts (RRR): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Red Rock Resorts (RRR - Free Report) will report quarterly earnings of $0.50 per share in its upcoming release, pointing to a year-over-year decline of 33.3%. It is anticipated that revenues will amount to $489.12 million, exhibiting an increase of 12.8% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Red Rock Resorts metrics that Wall Street analysts commonly model and monitor.
Analysts forecast 'Operating Revenues- Room' to reach $48.64 million. The estimate points to a change of +10.7% from the year-ago quarter.
The combined assessment of analysts suggests that 'Net Revenue- Las Vegas operations' will likely reach $470.57 million. The estimate indicates a change of +9.4% from the prior-year quarter.
Analysts' assessment points toward 'Operating Revenues- Casino' reaching $319.75 million. The estimate indicates a change of +10.9% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Operating Revenues- Food and Beverage' of $84.36 million. The estimate suggests a change of +7.9% year over year.
It is projected by analysts that the 'Operating Revenues- Other' will reach $21.79 million. The estimate indicates a year-over-year change of -5.6%.
According to the collective judgment of analysts, 'Net Revenue- Corporate and other' should come in at $3.65 million. The estimate indicates a change of +1.6% from the prior-year quarter.
Based on the collective assessment of analysts, 'Adjusted EBITDA- Las Vegas Operations' should arrive at $229.51 million. Compared to the current estimate, the company reported $214.09 million in the same quarter of the previous year.
View all Key Company Metrics for Red Rock Resorts here>>>
Shares of Red Rock Resorts have demonstrated returns of -11.7% over the past month compared to the Zacks S&P 500 composite's -1.6% change. With a Zacks Rank #3 (Hold), RRR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>