Red Rock Resorts Earnings Preview
Portfolio Pulse from Benzinga Insights
Red Rock Resorts (NASDAQ:RRR) is anticipated to report an EPS of $0.51 in its upcoming quarterly earnings on 2024-02-07. Analysts and investors are keen on not just the earnings beat but also the company's guidance for future growth. Historical data shows a mixed reaction to past earnings, with share price movements varying post-announcement. Currently, RRR shares are trading at $54.06, marking a 17.19% increase over the last 52 weeks, indicating a positive sentiment among long-term shareholders.
February 06, 2024 | 4:02 pm
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Red Rock Resorts is expected to report a quarterly EPS of $0.51 on 2024-02-07, with a focus on future guidance. Shares have risen 17.19% over the past year, indicating positive investor sentiment.
Given the anticipation of a positive earnings report and the historical increase in share price following earnings beats, RRR is likely to see a short-term positive impact. The company's past performance, coupled with a positive year-over-year share price increase, supports a bullish outlook. However, the actual impact will heavily depend on meeting or exceeding the EPS estimate and the forward guidance provided.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100