Casino resort and entertainment company Red Rock Resorts (NASDAQ:RRR) will be reporting earnings this Tuesday after the bell. Here’s what to look for.
Red Rock Resorts missed analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $475.6 million, up 1.6% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a slight miss of analysts’ revenue estimates.
Is Red Rock Resorts a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Red Rock Resorts’s revenue to grow 1.3% year on year to $502.4 million, slowing from the 7.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.65 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 twice over the last two years.
Looking at Red Rock Resorts’s peers in the casino operator segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Monarch delivered year-on-year revenue growth of 4.1%, meeting analysts’ expectations, and Boyd Gaming reported revenues up 2%, topping estimates by 4%. Monarch traded up 2.3% following the results while Boyd Gaming’s stock price was unchanged.
Read our full analysis of Monarch’s results here and Boyd Gaming’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the casino operator stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.2% on average over the last month. Red Rock Resorts is up 4.7% during the same time and is heading into earnings with an average analyst price target of $67.47 (compared to the current share price of $65.45).
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