Red Rock Resorts, Inc. (NASDAQ:RRR) is set to announce third quarter earning results on Tuesday 27th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, RRR to report 3Q20 income of $ 0.04 per share.
For the full year, analysts anticipate top line of $ 1052.20 million, while looking forward to loss of $ 2.5 per share bottom line.
Previous Quarter Performance
Red Rock Resorts, Inc. revealed loss for the second quarter of $ 1.01 per share, from the revenue of $ 108.47 million. The quarterly revenues shrunk 77.54 percent compared with the same quarter last year. The consensus estimates are loss of $ 1.07 per share from $ 73.63 million in revenue. The bottom line results beat street analysts by $ 0.06 or 5.61 percent, at the same time, top line results outshined analysts by $ 34.84 million or 47.32 percent.
Stock Performance
Shares of Red Rock Resorts, Inc. traded up $ 0.77 or 3.96 percent on Friday, reaching $ 20.23 with volume of 1.34 million shares. Red Rock Resorts, Inc. has traded high as $ 20.46 and has cracked $ 19.25 on the downward trend
According to the previous trading day, closing price of $ 20.23, representing a 605.07 % increase from the 52 week low of $ 2.76 and a 30.28 % decrease over the 52 week high of $ 27.91.
The company has a market capital of $ 2.37 billion and is part of the Consumer Cyclical sector and Resorts & Casinos industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Bank of America at Neutral rating, with $ 20.00 target price.
Conference Call
Red Rock Resorts, Inc. will be hosting a conference call at 4:30 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.redrockresorts.com
Red Rock Resorts, Inc., through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas operations and Native American management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market.
