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The upcoming report from Caesars Entertainment (CZR) is expected to reveal quarterly loss of -$0.18 per share, indicating a decline of 460% compared to the year-ago period. Analysts forecast revenues of $2.87 billion, representing an increase of 2.6% year over year.<\/p>\n
The consensus EPS estimate for the quarter has been revised 62.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.<\/p>\n
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.<\/p>\n
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts’ forecasts for certain key metrics often provides a more comprehensive understanding.<\/p>\n
Given this perspective, it’s time to examine the average forecasts of specific Caesars Entertainment metrics that are routinely monitored and predicted by Wall Street analysts.<\/p>\n
The average prediction of analysts places ‘Net Revenues- Las Vegas’ at $1.05 billion. The estimate indicates a year-over-year change of -3.3%.<\/p>\n
It is projected by analysts that the ‘Net Revenues- Regional’ will reach $1.36 billion. The estimate points to a change of +1.6% from the year-ago quarter.<\/p>\n
The consensus among analysts is that ‘Net Revenues- Caesars Digital’ will reach $407.69 million. The estimate suggests a change of +35% year over year.<\/p>\n
Analysts predict that the ‘Net Revenues- Managed and Branded’ will reach $69.67 million. The estimate indicates a change of +2.5% from the prior-year quarter.<\/p>\n
Analysts forecast ‘Net Revenues- Corporate and Other’ to reach $1.03 million. The estimate indicates a year-over-year change of -65.6%.<\/p>\n
According to the collective judgment of analysts, ‘Net Revenues- Las Vegas- Casino’ should come in at $285.57 million. The estimate suggests a change of -0.2% year over year.<\/p>\n
Analysts expect ‘Las Vegas – Table game drop’ to come in at $778.09 million. Compared to the current estimate, the company reported $782.00 million in the same quarter of the previous year.<\/p>\n
Analysts’ assessment points toward ‘Las Vegas – Slot handle’ reaching $2.86 billion. Compared to the current estimate, the company reported $2.83 billion in the same quarter of the previous year.<\/p>\n<\/p><\/div>\n
The consensus estimate for ‘Caesars Digital – iGaming handle’ stands at $5.29 billion. The estimate is in contrast to the year-ago figure of $4.06 billion.<\/p>\n
Based on the collective assessment of analysts, ‘Caesars Digital – Sports betting handle’ should arrive at $3.52 billion. The estimate is in contrast to the year-ago figure of $3.31 billion.<\/p>\n
The collective assessment of analysts points to an estimated ‘Adjusted EBITDA- Las Vegas’ of $446.46 million. The estimate compares to the year-ago value of $481.00 million.<\/p>\n
The combined assessment of analysts suggests that ‘Adjusted EBITDA- Regional’ will likely reach $405.02 million. Compared to the current estimate, the company reported $410.00 million in the same quarter of the previous year.<\/p>\n
View all Key Company Metrics for Caesars Entertainment here>>><\/p>\n
Shares of Caesars Entertainment have demonstrated returns of -16.5% over the past month compared to the Zacks S&P 500 composite’s -0.3% change. With a Zacks Rank #5 (Strong Sell), CZR is expected to lag the overall market performance in the near future. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>> .<\/p>\n
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report<\/a><\/p>\n Caesars Entertainment, Inc. (CZR) : Free Stock Analysis Report<\/a><\/p>\n This article originally published on Zacks Investment Research (zacks.com).<\/a><\/p>\n