Caesars Entertainment Earnings Preview
Portfolio Pulse from Benzinga Insights
Caesars Entertainment (NASDAQ:CZR) is scheduled to release its quarterly earnings report on February 20, 2024, with analysts expecting an EPS of $-0.04. The company's past earnings performance shows mixed results, with the last quarter beating estimates but resulting in a 1.05% drop in share price. Over the last year, CZR shares have declined by 17.01%, indicating a bearish sentiment among long-term shareholders. Investors will be closely watching for not only the earnings results but also the company's guidance for future growth.
February 19, 2024 | 3:01 pm
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Caesars Entertainment is expected to report an EPS of $-0.04 for the upcoming quarter. Historical performance shows mixed results, with a notable 17.01% decline in share price over the last year. Investors will focus on the earnings outcome and future guidance.
Given the mixed historical earnings performance and the overall 17.01% decline in share price over the past year, the short-term impact of the upcoming earnings report on CZR's stock price is uncertain. While a positive earnings surprise and optimistic future guidance could provide a boost, the bearish sentiment among long-term shareholders and the recent trend of share price drops following earnings announcements suggest a cautious outlook.
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