Caesars Entertainment (CZR) Scheduled to Post Earnings on Tuesday

Caesars Entertainment (NASDAQ:CZR) will be releasing 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. Persons interested in registering for the company’s earnings 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) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.68). The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.87 billion. Caesars Entertainment had a negative return on equity of 2.57% and a negative net margin of 2.44%. Caesars Entertainment’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 EPS. 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 Stock Performance

Shares of Caesars Entertainment stock opened at $44.18 on Monday. The firm has a market cap of $9.56 billion, a P/E ratio of 12.52 and a beta of 2.97. Caesars Entertainment has a fifty-two week low of $31.74 and a fifty-two week high of $50.51. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.70 and a quick ratio of 0.68. The firm has a 50 day simple moving average of $40.54 and a 200 day simple moving average of $38.09.

Wall Street Analysts Forecast Growth

CZR has been the topic of a number of recent research reports. Stifel Nicolaus raised their price objective on shares of Caesars Entertainment from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Wells Fargo & Company lifted their price objective on Caesars Entertainment from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. StockNews.com downgraded Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Susquehanna restated a “negative” rating and set a $33.00 target price on shares of Caesars Entertainment in a report on Wednesday, July 31st. Finally, Morgan Stanley upped their price target on Caesars Entertainment from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Caesars Entertainment currently has a consensus rating of “Moderate Buy” and an average target price 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.