Caesars Entertainment Q4 2023 GAAP EPS $(0.34) Misses $(0.07) Estimate
Portfolio Pulse from Benzinga Newsdesk
Caesars Entertainment (CZR) reported Q4 2023 GAAP EPS of $(0.34), missing the $(0.07) estimate by 385.71%. Quarterly sales were $2.83 billion, slightly below the $2.85 billion estimate, marking a 0.32% increase from the previous year.
February 20, 2024 | 9:02 pm
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Caesars Entertainment reported a significant miss in Q4 2023 earnings and a slight miss in sales compared to analyst estimates.
The significant miss in both earnings per share and sales compared to analyst expectations is likely to negatively impact investor sentiment and stock price in the short term. The earnings miss, in particular, being significantly below expectations, suggests operational challenges or lower profitability than anticipated, which could lead to a decrease in stock price.
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