Caesars Leisure (CZR) got here out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of a lack of $0.15 per share. This compares to lack of $0.34 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 133.33%. 1 / 4 in the past, it was anticipated that this on line casino and resort operator would submit earnings of $0.21 per share when it really produced a lack of $0.04, delivering a shock of -119.05%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Caesars Leisure
The sustainability of the inventory’s instant value motion primarily based on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
Caesars Leisure shares have added about 4.9% for the reason that starting of the yr versus the S&P 500’s achieve of 1.7%.
What’s Subsequent for Caesars Leisure?
Whereas Caesars Leisure has outperformed the market thus far this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist buyers handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and developments in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested ranking device just like the Zacks Rank, which has a formidable observe document of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Caesars Leisure: blended. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in keeping with the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.07 on $2.86 billion in revenues for the approaching quarter and $1.13 on $11.64 billion in revenues for the present fiscal yr.
Traders must be aware of the truth that the outlook for the business can have a cloth influence on the efficiency of the inventory as nicely. When it comes to the Zacks Business Rank, Leisure and Recreation Providers is at present within the prime 20% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One other inventory from the identical business, Pursuit Points of interest and Hospitality (PRSU), has but to report outcomes for the quarter ended December 2024. The outcomes are anticipated to be launched on March 4.
This commerce present firm is anticipated to submit quarterly lack of $1.19 per share in its upcoming report, which represents a year-over-year change of -50.6%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Pursuit Points of interest and Hospitality’s revenues are anticipated to be $42.51 million, down 85.4% from the year-ago quarter.
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Caesars Entertainment, Inc. (CZR) : Free Stock Analysis Report
Pursuit Attractions and Hospitality, Inc. (PRSU) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
