Red Rock Resorts Q2 EPS $0.65 Beats $0.44 Estimate, Sales $416.13M Miss $417.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
Red Rock Resorts (NASDAQ:RRR) reported Q2 earnings of $0.65 per share, beating the analyst consensus estimate of $0.44 by 47.73%. This is a 150% increase from the same period last year. However, the company's quarterly sales of $416.13 million missed the analyst consensus estimate of $417.84 million by 0.41%, marking a 1.45% decrease from the same period last year.
August 04, 2023 | 2:22 pm
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NEUTRAL IMPACT
Red Rock Resorts reported better than expected Q2 earnings but missed on sales. This mixed report may lead to uncertain short-term price movement.
The company's earnings beat estimates, which is typically a positive signal for the stock. However, the missed sales estimate could offset this positive impact. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100