Bally’s (BALY) Scheduled to Post Earnings on Wednesday

Bally’s (NYSE:BALY) will issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of ($1.07) per share for the quarter. Bally’s has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Bally’s (NYSE:BALY) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.86) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.31). Bally’s had a negative return on equity of 17.92% and a negative net margin of 7.05%. The business had revenue of $611.67 million for the quarter, compared to analysts’ expectations of $626.62 million. On average, analysts expect Bally’s to post $-4 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Bally’s Stock Performance

Shares of BALY stock opened at $14.18 on Wednesday. Bally’s has a fifty-two week low of $7.28 and a fifty-two week high of $18.66. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.64 and a current ratio of 0.65. The stock’s 50-day simple moving average is $12.56 and its 200-day simple moving average is $11.77.

Analyst Ratings Changes

BALY has been the topic of a number of research analyst reports. Wells Fargo & Company restated an “underweight” rating and set a $10.00 price target on shares of Bally’s in a research note on Friday, January 5th. Stifel Nicolaus dropped their target price on Bally’s from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Thursday, February 22nd. Truist Financial upped their target price on Bally’s from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Macquarie downgraded Bally’s from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $15.00 to $12.00 in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $15.29.

About Bally’s

Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.