Streetbeat News

CZR

Caesars Entertainment, Inc.

https://www.caesars.com

Industry

Gambling, Resorts & Casinos

Caesars Entertainment, Inc. operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services. As of December 31,2021, the company owned, leased, and managed 52 domestic properties in 16 states, consisting of approximately 55,700 slot machines, video lottery terminals, and e-tables; 2,900 table games; and 47,700 hotel rooms. Caesars Entertainment, Inc. was founded in 1937 and is based in Reno, Nevada.

Open

40.72

Mkt cap

8.8B

Volume

1.5M

High

41.76

P/E Ratio

-24.63

52-wk high

50.51

Low

40.70

Div yield

N/A

52-wk low

31.74

Susquehanna analyst Joseph Stauff maintains a Negative rating on Caesars Entertainment (NASDAQ:CZR) with a $33 price target.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 5:50 pm

Tech stocks experienced their best session in five months ahead of the Federal Open Market Committee (FOMC) meeting, driven by strong earnings and easing concerns over chip export restrictions to China. The Nasdaq 100 surged 2.7%, led by Nvidia Corp. (NVDA), which jumped 11%. The iShares Semiconductor ETF (SOXX) soared over 5%. The S&P 500 rose 1.6%, and small caps tracked by the iShares Russell 2000 ETF (IWM) increased by 1.1%. The dollar eased 0.2%, while the Japanese yen, tracked by the Invesco CurrencyShares Japanese Yen Trust (FXE), rallied 1.4%. Commodities like gold and oil also saw significant gains.

Portfolio Pulse from Piero Cingari

July 31, 2024 | 5:23 pm

U.S. stocks saw significant gains on Wednesday, with the Dow Jones index rising over 200 points. Match Group, Inc. (NASDAQ:MTCH) led the surge with a 15% increase following better-than-expected Q2 revenue and strong Q3 guidance. Other notable gainers included Powell Industries, Inc. (NASDAQ:POWL), Stardust Power Inc. (NASDAQ:SDST), Modine Manufacturing Company (NYSE:MOD), and several others, all reporting better-than-expected financial results.

Portfolio Pulse from Avi Kapoor

July 31, 2024 | 5:05 pm

Caesars Entertainment (NASDAQ:CZR) has been analyzed by 9 analysts over the past three months, showing a range of perspectives from bullish to bearish. The average 12-month price target is $52.67, with a high of $62.00 and a low of $33.00. Recent sentiment has turned slightly negative, with a 3.14% decrease in the average price target. Key financial indicators reveal challenges in revenue growth, net margin, ROE, and ROA, although the company maintains a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 5:01 pm

Wells Fargo analyst Daniel Politzer maintains an Overweight rating on Caesars Entertainment (NASDAQ:CZR) and raises the price target from $53 to $56.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 3:56 pm

Stifel analyst Steven Wieczynski maintains a Buy rating on Caesars Entertainment (NASDAQ:CZR) and raises the price target from $54 to $56.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 3:29 pm

Jefferies analyst David Katz maintains a Buy rating on Caesars Entertainment (NASDAQ:CZR) but lowers the price target from $62 to $60.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:18 pm

Wall Street is optimistic about a tech-led rebound driven by AMD's strong Q2 results. Major indices are up, with expectations of a Fed rate cut in September. Key stocks like AMD, MSFT, and ETFs like SPY and QQQ are showing significant premarket movements.

Portfolio Pulse from Shanthi Rexaline

July 31, 2024 | 11:56 am

Caesars Entertainment shares are trading higher following Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:13 am

Caesars Entertainment Inc (NASDAQ:CZR) shares rose after reporting Q2 results. The company posted quarterly revenue of $2.83 billion, missing analyst estimates by 1.28% and showing a 1.7% year-over-year decrease. Earnings per share were zero, missing the 13 cents estimate. Despite this, the company saw record Adjusted EBITDA in its Las Vegas and digital segments. Caesars remains optimistic for the rest of 2024, driven by strong performance in these areas.

Portfolio Pulse from Erica Kollmann

July 30, 2024 | 9:40 pm

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