Casino resort and entertainment company Red Rock Resorts (NASDAQ: RRR) will be announcing earnings results tomorrow after market hours. Here’s what you need to know.
Red Rock Resorts beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $495.7 million, up 7.1% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and a slight miss of analysts’ adjusted operating income estimates.
Is Red Rock Resorts a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Red Rock Resorts’s revenue to grow 1.3% year on year to $495.1 million, slowing from the 12.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.45 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Red Rock Resorts has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Red Rock Resorts’s peers in the casino operator segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Caesars Entertainment delivered year-on-year revenue growth of 1.9%, meeting analysts’ expectations, and Monarch reported revenues up 3.1%, topping estimates by 2.1%. Monarch traded up 2.2% following the results.
Read our full analysis of Caesars Entertainment’s results here and Monarch’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the casino operator stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.8% on average over the last month. Red Rock Resorts is up 3.5% during the same time and is heading into earnings with an average analyst price target of $51.75 (compared to the current share price of $43.59).
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