Caesars Entertainment Expects Total Net Revenues For Quarter Ended Dec. 31 $2.815B-$2.835B vs $2.92B Est.
Portfolio Pulse from Benzinga Newsdesk
Caesars Entertainment has projected its total net revenues for the quarter ended December 31 to be between $2.815 billion and $2.835 billion, which is below the estimated $2.92 billion.
January 18, 2024 | 12:14 pm
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Caesars Entertainment's projected Q4 revenues are lower than analysts' expectations, which could lead to a negative short-term impact on the stock price.
Revenue projections that fall short of analysts' estimates can often lead to a decrease in investor confidence and a subsequent drop in stock price. As the revenue miss is significant compared to the estimate, this is likely to be viewed negatively by the market.
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