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Caesars Entertainment (CZR) reported earnings 30 days ago. What's next for the stock?
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CZR posts weaker Q3 results as both earnings and revenues miss estimates. However, Las Vegas shows signs of recovery.
The headline numbers for Caesars Entertainment (CZR) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Caesars Entertainment, Inc. (NASDAQ:CZR ) Q3 2025 Earnings Call October 28, 2025 5:00 PM EDT Company Participants Brian Agnew - Senior Vice President of Finance, Treasury & Investor Relations Anthony Carano - President & COO Eric Hession - President of Caesars Digital Bret Yunker - Chief Financial Officer Thomas Reeg - CEO & Director Conference Call Participants Brandt Montour - Barclays Bank PLC, Research Division Daniel Politzer - JPMorgan Chase & Co, Research Division Steven Pizzella - Deutsche Bank AG, Research Division Elizabeth Dove - Goldman Sachs Group, Inc., Research Division David Katz - Jefferies LLC, Research Division John DeCree - CBRE Securities, LLC, Research Division Steven Wieczynski - Stifel, Nicolaus & Company, Incorporated, Research Division Barry Jonas - Truist Securities, Inc., Research Division Shaun Kelley - BofA Securities, Research Division Stephen Grambling - Morgan Stanley, Research Division Chad Beynon - Macquarie Research Jordan Bender - Citizens JMP Securities, LLC, Research Division Daniel Guglielmo - Capital One Securities, Inc., Research Division Presentation Operator Good day, and thank you for standing by. Welcome to the Caesars Entertainment, Inc. Third Quarter 2025 Earnings Conference Call.
Caesars Entertainment (CZR) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to a loss of $0.04 per share a year ago.
Caesars Entertainment remains fundamentally cheap, but persistent weak performance and lack of growth are meaningful. Management credibility is a concern, with overpromising and underdelivering relative to peers, especially as Las Vegas and regional results lag competitors. But seemingly soft Q2 numbers obscured good news in Digital and around cash flow, and there is a path to improvement in both the Regional and Vegas segments.
Caesars is trading near its bottom, presenting a potential value opportunity for investors. I expect Caesars to generate $2 billion in free cash flow, enabling accelerated debt repayments by 2027. By the end of Q2 2026, the market should recognize and reward this improved financial position.
CZR's Q2 earnings miss estimates amid weak Las Vegas trends, but rising digital and regional revenues lift the top line.