Insights Ahead: Red Rock Resorts's Quarterly Earnings

Red Rock Resorts (NASDAQ:RRR) is set to give its latest quarterly earnings report on Thursday, 2024-11-07. Here's what investors need to know before the announcement.

Analysts estimate that Red Rock Resorts will report an earnings per share (EPS) of $0.52.

Anticipation surrounds Red Rock Resorts's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Historical Earnings Performance

The company's EPS missed by $0.07 in the last quarter, leading to a 7.23% drop in the share price on the following day.

Here's a look at Red Rock Resorts's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.66

0.67

0.51

0.48

EPS Actual

0.59

0.68

0.95

0.60

Price Change %

-7.000000000000001%

-8.0%

5.0%

2.0%

Stock Performance

Shares of Red Rock Resorts were trading at $52.33 as of November 05. Over the last 52-week period, shares are up 35.5%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Insights Shared by Analysts on Red Rock Resorts

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Red Rock Resorts.

The consensus rating for Red ...