Analysts Expect 1.3% Revenue Gain to $502.4M, Earnings of $0.65 for Red Rock Resorts
Analysts forecast Red Rock Resorts’ Q4 revenue growth slowing to 1.3% year-over-year to $502.4 million with adjusted EPS of $0.65. The company topped EPS estimates but missed revenue by 0.8% last quarter on $475.6 million in sales, while peer operators posted 4.1% and 2.0% growth.
1. Q4 Expectations
Analysts project Q4 revenue of $502.4 million, representing 1.3% year-over-year growth, with adjusted earnings of $0.65 per share as Red Rock Resorts prepares to release results.
2. Previous Quarter Results
In Q3, the company generated $475.6 million in revenue, up 1.6% year-over-year but falling 0.8% short of estimates, while surpassing EPS forecasts.
3. Industry Peer Performance
Monarch Casino reported 4.1% revenue growth meeting estimates and Boyd Gaming posted a 2.0% increase topping forecasts, setting a benchmark for Red Rock Resorts’ upcoming results.
4. Stock Trends and Targets
Shares have risen 4.7% over the past month versus a 2.2% average decline among casino operators, with an average analyst price target of $67.47 compared to the current $65.45 share price.