While the top- and bottom-line numbers for Red Rock Resorts (RRR) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Red Rock Resorts (RRR) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.60 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Red Rock Resorts (RRR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Red Rock Resorts (RRR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the past three months, Red Rock Resorts, Inc. RRR shares have gained 14.9%, underperforming the Zacks Gaming industry while riding above the Zacks Consumer Discretionary sector and the S&P 500 Index. During the same time frame, the industry, the sector and the S&P 500 Index grew 17.3%, 4.7% and 6.3%, respectively.
Red Rock Resorts, Inc. shares reached new highs in April 2024 and have shown a bullish trend since the pandemic lows in March 2020. Despite deteriorating Factors and Dividend Grades, Red Rock Resorts continues to outperform leading casino operators and reward investors. Union issues have not stopped Red Rock Resorts' upward trajectory, with the company facing labor disputes but still showing strong performance in the sector.
Red Rock Resorts' (RRR) second-quarter results benefit from solid Las Vegas operations and Durango Casino Resort performance.
Red Rock Resorts, Inc. (NASDAQ:RRR ) Q2 2024 Earnings Conference Call July 23, 2024 4:30 PM ET Corporate Participants Stephen Cootey - Executive Vice President, Chief Financial Officer and Treasurer Frank Fertitta - Chief Executive Officer Scott Kreeger - President Conference Call Participants Joe Greff - JPMorgan Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Jordan Bender - JMP Steve Wieczynski - Stifel Barry Jonas - Truist Securities Stephen Grambling - Morgan Stanley Dan Politzer - Wells Fargo Chad Beynon - Macquarie Brandt Montour - Barclays John DeCree - CBRE David Katz - Jefferies Operator Good afternoon, everyone, and welcome to the Red Rock Resorts Second Quarter 2024 Conference Call. All participants will be in a listen-only mode.
The headline numbers for Red Rock Resorts (RRR) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Red Rock Resorts (RRR) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.65 per share a year ago.
Red Rock Resorts (RRR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Red Rock Resorts (RRR) emphasizes leveraging its extensive land bank and development pipeline across the Las Vegas Valley to drive growth. However, increased expenses are a concern.