Caesars Entertainment (CZR) Set to Announce Quarterly Earnings on Tuesday

Caesars Entertainment (NASDAQ:CZR) is scheduled to release its earnings data after the market closes on Tuesday, October 29th. Analysts expect Caesars Entertainment to post earnings of $0.29 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, July 30th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the company earned $0.82 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts expect Caesars Entertainment to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock opened at $44.18 on Friday. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.68 and a current ratio of 0.70. Caesars Entertainment has a 1-year low of $31.74 and a 1-year high of $50.51. The firm has a fifty day simple moving average of $40.54 and a 200-day simple moving average of $38.11.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CZR. Stifel Nicolaus boosted their price objective on Caesars Entertainment from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. JMP Securities restated a “market outperform” rating and set a $59.00 price objective on shares of Caesars Entertainment in a report on Monday, October 14th. Susquehanna reiterated a “negative” rating and issued a $33.00 target price on shares of Caesars Entertainment in a research note on Wednesday, July 31st. Barclays lifted their target price on Caesars Entertainment from $56.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group cut their price target on Caesars Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $54.54.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.