Zacks Research Has Negative Estimate for RRR Q4 Earnings

Red Rock Resorts, Inc. (NASDAQ:RRR) – Stock analysts at Zacks Research decreased their Q4 2026 earnings per share (EPS) estimates for shares of Red Rock Resorts in a note issued to investors on Wednesday, May 20th. Zacks Research analyst Team now forecasts that the company will earn $0.39 per share for the quarter, down from their previous forecast of $0.47. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Red Rock Resorts’ current full-year earnings is $1.73 per share. Zacks Research also issued estimates for Red Rock Resorts’ Q1 2027 earnings at $0.48 EPS, Q2 2027 earnings at $0.40 EPS, Q3 2027 earnings at $0.42 EPS, Q4 2027 earnings at $0.51 EPS, FY2027 earnings at $1.82 EPS, Q1 2028 earnings at $0.52 EPS and FY2028 earnings at $2.21 EPS.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.17). Red Rock Resorts had a net margin of 9.21% and a return on equity of 61.67%. The business had revenue of $507.32 million during the quarter, compared to analyst estimates of $505.63 million. During the same period last year, the company earned $0.75 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis.

Several other research firms also recently issued reports on RRR. Wall Street Zen downgraded Red Rock Resorts from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Morgan Stanley set a $59.00 price objective on Red Rock Resorts in a report on Wednesday, May 6th. Benchmark cut their price objective on Red Rock Resorts from $67.00 to $63.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. cut their price objective on Red Rock Resorts from $73.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Truist Financial cut their price objective on Red Rock Resorts from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Twelve investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Red Rock Resorts presently has an average rating of “Moderate Buy” and an average price target of $67.67.

Red Rock Resorts Price Performance

RRR stock opened at $53.37 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 14.42. The company has a market capitalization of $5.61 billion, a PE ratio of 17.16, a P/E/G ratio of 3.52 and a beta of 1.35. Red Rock Resorts has a 12-month low of $44.28 and a 12-month high of $68.99. The business’s fifty day moving average price is $55.37 and its 200 day moving average price is $58.77.

Red Rock Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.26 per share. The ex-dividend date is Monday, June 15th. This represents a $1.04 annualized dividend and a yield of 1.9%. Red Rock Resorts’s dividend payout ratio is 33.44%.

Institutional Investors Weigh In On Red Rock Resorts

Large investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC purchased a new stake in Red Rock Resorts during the 4th quarter worth about $25,000. Kestra Advisory Services LLC purchased a new stake in Red Rock Resorts during the 4th quarter worth about $27,000. Rockefeller Capital Management L.P. increased its holdings in Red Rock Resorts by 1,924.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 506 shares of the company’s stock worth $31,000 after purchasing an additional 481 shares during the period. Strs Ohio purchased a new stake in Red Rock Resorts during the 3rd quarter worth about $37,000. Finally, GAMMA Investing LLC increased its holdings in Red Rock Resorts by 53.8% during the 4th quarter. GAMMA Investing LLC now owns 752 shares of the company’s stock worth $47,000 after purchasing an additional 263 shares during the period. Hedge funds and other institutional investors own 47.84% of the company’s stock.

About Red Rock Resorts

Red Rock Resorts, Inc (NASDAQ: RRR) is a publicly traded gaming and hospitality company headquartered in Summerlin, Nevada. The company owns and operates a diversified portfolio of full-service casino resorts and neighborhood gaming properties in the Las Vegas valley. Its core business activities include resort hotel accommodations, casino gaming, food and beverage operations, entertainment and convention services designed to meet the needs of both leisure and business travelers.

The company’s flagship resort, Red Rock Casino Resort & Spa, features a full range of table games, slot machines, a luxury spa, convention space, multiple signature restaurants and live entertainment venues.