Red Rock Resorts Set to Report Earnings This Wednesday
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 9 hours ago
0mins
Should l Buy RRR?
Source: Yahoo Finance
- Earnings Expectations: Red Rock Resorts is expected to report a 1.8% year-on-year revenue growth this quarter, consistent with last year's growth rate, although last quarter's revenue of $511.8 million represented a 3.2% increase, with significant misses in EPS and adjusted operating income estimates indicating challenges ahead.
- Analyst Optimism: Over the past 30 days, analysts have generally revised their revenue estimates upward for Red Rock Resorts, reflecting growing confidence in its future performance, despite the company missing Wall Street's revenue estimates multiple times in the past two years.
- Peer Performance: In the consumer discretionary - casino operator segment, Monarch and PENN Entertainment reported revenue growth of 8.9% and 6.4%, respectively, exceeding analyst expectations, indicating a positive industry trend that could benefit Red Rock Resorts' performance.
- Market Sentiment: The average stock price in the consumer discretionary - casino operator sector has risen by 12.8% over the past month, with Red Rock Resorts up 4.3%, and analysts' average price target of $71.88 suggests significant upside potential from the current share price of $54.43.
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Analyst Views on RRR
Wall Street analysts forecast RRR stock price to rise
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 54.430
Low
58.00
Averages
65.63
High
73.00
Current: 54.430
Low
58.00
Averages
65.63
High
73.00
About RRR
Red Rock Resorts, Inc. is a holding company that owns an indirect equity interest in and manages Station Casinos LLC (Station Casinos). Station Casinos is a provider of gaming, hospitality and entertainment to the residents of Las Vegas, Nevada. Station Casinos' properties, which are located throughout the Las Vegas valley, are regional entertainment destinations and include hotels as well as various amenities, including numerous restaurants, entertainment venues, movie theaters, bowling and convention/banquet spaces, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. Station Casinos owns and operates Red Rock Casino Resort Spa, Green Valley Ranch Resort Spa Casino, Durango Resort & Casino, Boulder Station Hotel & Casino, Santa Fe Station Hotel & Casino, Wildfire Rancho, Wildfire Boulder, Wildfire Sunset, Wildfire Valley View, Wildfire Anthem, and Seventy Six by Station Casinos (Centennial & Aliante).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Red Rock Resorts Set to Report Earnings This Wednesday
- Earnings Expectations: Red Rock Resorts is expected to report a 1.8% year-on-year revenue growth this quarter, consistent with last year's growth rate, although last quarter's revenue of $511.8 million represented a 3.2% increase, with significant misses in EPS and adjusted operating income estimates indicating challenges ahead.
- Analyst Optimism: Over the past 30 days, analysts have generally revised their revenue estimates upward for Red Rock Resorts, reflecting growing confidence in its future performance, despite the company missing Wall Street's revenue estimates multiple times in the past two years.
- Peer Performance: In the consumer discretionary - casino operator segment, Monarch and PENN Entertainment reported revenue growth of 8.9% and 6.4%, respectively, exceeding analyst expectations, indicating a positive industry trend that could benefit Red Rock Resorts' performance.
- Market Sentiment: The average stock price in the consumer discretionary - casino operator sector has risen by 12.8% over the past month, with Red Rock Resorts up 4.3%, and analysts' average price target of $71.88 suggests significant upside potential from the current share price of $54.43.
See More
Red Rock Casino Resort & Spa Celebrates 20th Anniversary
- Successful Market Positioning: Red Rock Casino Resort & Spa has effectively positioned itself as a high-end local alternative in Las Vegas, attracting high-value customers and solidifying the company's dominance in the local market over the past 20 years.
- Design and Brand Influence: The resort's desert-modern design and upscale amenities have made it a brand template for Red Rock Resorts' broader portfolio, earning a AAA Four Diamond rating that signifies the company's shift towards high-end resort operations.
- Cash Flow and Development Support: The strong performance of Red Rock Resort has provided cash flow and credibility for subsequent development and redevelopment projects across the Las Vegas valley, helping the company maintain a leading position in the market.
- Outstanding Stock Performance: Shares of Red Rock Resorts (RRR) have risen nearly 70% over the past five years, with analysts unanimously rating the stock as a “Buy,” reflecting strong market confidence in its future growth prospects.
See More
Red Rock Resorts to Release Q1 2026 Financial Results
- Earnings Release Schedule: Red Rock Resorts will announce its financial results for Q1 2026 on April 29, 2026, and will hold a conference call at 4:30 PM ET, which is expected to attract investor interest.
- Conference Call Details: Investors must dial in by 4:15 PM ET at (888) 317-6003 using passcode 1891420, with international participants using (412) 317-6061 to ensure timely participation in the discussion.
- Live Webcast and Replay: The call will be available via live audio webcast on the company's website, with a replay accessible until May 6, 2026, by dialing (855) 669-9658 or (412) 317-0088 using conference ID: 9286490.
- Company Background: Red Rock Resorts is a holding company that indirectly owns and manages Station Casinos LLC, the leading provider of gaming, hospitality, and entertainment in Las Vegas, operating multiple regional entertainment destinations with a variety of amenities.
See More
Red Rock Resorts to Release Q1 2026 Financial Results
- Earnings Release Schedule: Red Rock Resorts will announce its financial results for Q1 2026 on April 29, 2026, and will hold a conference call at 4:30 PM ET, which will include prepared remarks and a Q&A session, aimed at enhancing investor understanding of the company's financial health.
- Conference Call Participation: Investors must dial in by 4:15 PM ET at (888) 317-6003 using passcode 1891420, with international participants using (412) 317-6061, ensuring timely access to the latest company updates.
- Live Webcast and Replay: The call will be available via live audio webcast on the Red Rock Resorts website, with a replay accessible until May 6, 2026, by calling (855) 669-9658 or (412) 317-0088 using conference ID 9286490, facilitating information access for those unable to attend live.
- Company Background: Red Rock Resorts is a holding company that indirectly owns and manages Station Casinos LLC, the leading provider of gaming, hospitality, and entertainment in Las Vegas, which operates multiple entertainment venues and enhances the company's competitive position in the regional market.
See More
Fertitta Entertainment Negotiates Acquisition of Caesars Entertainment
- Acquisition Negotiations: Fertitta Entertainment is negotiating to acquire Caesars Entertainment at a price of $32 per share, representing an equity value of $6.5 billion and an enterprise value of $31.5 billion, indicating strong interest in the company.
- Competitor Dynamics: Billionaire Carl Icahn has also made a bid, initially offering $28.50 per share and later raising it to $33, demonstrating his intent to acquire Caesars, potentially to drive up the acquisition price and enhance the value of his own stake.
- Market Reaction: Caesars' stock has been under pressure since October 2021, despite its digital business becoming profitable, as investors remain skeptical about future growth, particularly in light of significant declines in competitors' stock prices like DraftKings and FanDuel.
- Regulatory Challenges: Should the acquisition agreement be reached, it will face regulatory and shareholder scrutiny, especially considering Fertitta's holdings in other gambling companies, which could impact the smooth execution of the deal.
See More
Red Rock Resorts Declares Quarterly Dividend
- Quarterly Dividend Announcement: Red Rock Resorts (RRR) declares a quarterly dividend of $0.26 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability.
- Dividend Yield: The forward yield of 1.56% reflects the company's attractiveness in the current market environment, potentially drawing more income-focused investors.
- Payment Schedule: The dividend is payable on March 31, with a record date of March 16 and an ex-dividend date also on March 16, providing investors with a clear timeline for their investment decisions.
- Market Outlook: Local casinos in Las Vegas may outperform the Strip this year, suggesting that Red Rock Resorts possesses growth potential even in a highly competitive market.
See More
Red Rock Resorts Set to Report Earnings This Wednesday
- Earnings Expectations: Red Rock Resorts is expected to report a 1.8% year-on-year revenue growth this quarter, consistent with last year's growth rate, although last quarter's revenue of $511.8 million represented a 3.2% increase, with significant misses in EPS and adjusted operating income estimates indicating challenges ahead.
- Analyst Optimism: Over the past 30 days, analysts have generally revised their revenue estimates upward for Red Rock Resorts, reflecting growing confidence in its future performance, despite the company missing Wall Street's revenue estimates multiple times in the past two years.
- Peer Performance: In the consumer discretionary - casino operator segment, Monarch and PENN Entertainment reported revenue growth of 8.9% and 6.4%, respectively, exceeding analyst expectations, indicating a positive industry trend that could benefit Red Rock Resorts' performance.
- Market Sentiment: The average stock price in the consumer discretionary - casino operator sector has risen by 12.8% over the past month, with Red Rock Resorts up 4.3%, and analysts' average price target of $71.88 suggests significant upside potential from the current share price of $54.43.
See More
Red Rock Casino Resort & Spa Celebrates 20th Anniversary
- Successful Market Positioning: Red Rock Casino Resort & Spa has effectively positioned itself as a high-end local alternative in Las Vegas, attracting high-value customers and solidifying the company's dominance in the local market over the past 20 years.
- Design and Brand Influence: The resort's desert-modern design and upscale amenities have made it a brand template for Red Rock Resorts' broader portfolio, earning a AAA Four Diamond rating that signifies the company's shift towards high-end resort operations.
- Cash Flow and Development Support: The strong performance of Red Rock Resort has provided cash flow and credibility for subsequent development and redevelopment projects across the Las Vegas valley, helping the company maintain a leading position in the market.
- Outstanding Stock Performance: Shares of Red Rock Resorts (RRR) have risen nearly 70% over the past five years, with analysts unanimously rating the stock as a “Buy,” reflecting strong market confidence in its future growth prospects.
See More
Red Rock Resorts to Release Q1 2026 Financial Results
- Earnings Release Schedule: Red Rock Resorts will announce its financial results for Q1 2026 on April 29, 2026, and will hold a conference call at 4:30 PM ET, which is expected to attract investor interest.
- Conference Call Details: Investors must dial in by 4:15 PM ET at (888) 317-6003 using passcode 1891420, with international participants using (412) 317-6061 to ensure timely participation in the discussion.
- Live Webcast and Replay: The call will be available via live audio webcast on the company's website, with a replay accessible until May 6, 2026, by dialing (855) 669-9658 or (412) 317-0088 using conference ID: 9286490.
- Company Background: Red Rock Resorts is a holding company that indirectly owns and manages Station Casinos LLC, the leading provider of gaming, hospitality, and entertainment in Las Vegas, operating multiple regional entertainment destinations with a variety of amenities.
See More
Red Rock Resorts to Release Q1 2026 Financial Results
- Earnings Release Schedule: Red Rock Resorts will announce its financial results for Q1 2026 on April 29, 2026, and will hold a conference call at 4:30 PM ET, which will include prepared remarks and a Q&A session, aimed at enhancing investor understanding of the company's financial health.
- Conference Call Participation: Investors must dial in by 4:15 PM ET at (888) 317-6003 using passcode 1891420, with international participants using (412) 317-6061, ensuring timely access to the latest company updates.
- Live Webcast and Replay: The call will be available via live audio webcast on the Red Rock Resorts website, with a replay accessible until May 6, 2026, by calling (855) 669-9658 or (412) 317-0088 using conference ID 9286490, facilitating information access for those unable to attend live.
- Company Background: Red Rock Resorts is a holding company that indirectly owns and manages Station Casinos LLC, the leading provider of gaming, hospitality, and entertainment in Las Vegas, which operates multiple entertainment venues and enhances the company's competitive position in the regional market.
See More
Fertitta Entertainment Negotiates Acquisition of Caesars Entertainment
- Acquisition Negotiations: Fertitta Entertainment is negotiating to acquire Caesars Entertainment at a price of $32 per share, representing an equity value of $6.5 billion and an enterprise value of $31.5 billion, indicating strong interest in the company.
- Competitor Dynamics: Billionaire Carl Icahn has also made a bid, initially offering $28.50 per share and later raising it to $33, demonstrating his intent to acquire Caesars, potentially to drive up the acquisition price and enhance the value of his own stake.
- Market Reaction: Caesars' stock has been under pressure since October 2021, despite its digital business becoming profitable, as investors remain skeptical about future growth, particularly in light of significant declines in competitors' stock prices like DraftKings and FanDuel.
- Regulatory Challenges: Should the acquisition agreement be reached, it will face regulatory and shareholder scrutiny, especially considering Fertitta's holdings in other gambling companies, which could impact the smooth execution of the deal.
See More
Red Rock Resorts Declares Quarterly Dividend
- Quarterly Dividend Announcement: Red Rock Resorts (RRR) declares a quarterly dividend of $0.26 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability.
- Dividend Yield: The forward yield of 1.56% reflects the company's attractiveness in the current market environment, potentially drawing more income-focused investors.
- Payment Schedule: The dividend is payable on March 31, with a record date of March 16 and an ex-dividend date also on March 16, providing investors with a clear timeline for their investment decisions.
- Market Outlook: Local casinos in Las Vegas may outperform the Strip this year, suggesting that Red Rock Resorts possesses growth potential even in a highly competitive market.
See More
