Caesars Entertainment (CZR) reported $2.8 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 0.9%. EPS of $0.05 for the same period compares to -$0.34 a year ago.
The reported revenue represents a surprise of -0.40% over the Zacks Consensus Estimate of $2.81 billion. With the consensus EPS estimate being -$0.15, the EPS surprise was +133.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Caesars Entertainment performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Revenues- Las Vegas: $1.08 billion versus $1.09 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -0.7% change.
- Net Revenues- Regional: $1.34 billion versus $1.33 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -1.5% change.
- Net Revenues- Caesars Digital: $302 million versus the five-analyst average estimate of $326.08 million. The reported number represents a year-over-year change of -0.7%.
- Net Revenues- Managed and Branded: $68 million versus $68.49 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
- Net Revenues- Corporate and Other: $3 million compared to the -$1.25 million average estimate based on four analysts. The reported number represents a change of -400% year over year.
- Adjusted EBITDA- Las Vegas: $481 million compared to the $486.35 million average estimate based on six analysts.
- Adjusted EBITDA- Regional: $410 million compared to the $407.47 million average estimate based on six analysts.
- Adjusted EBITDA- Corporate and Other: -$43 million versus the six-analyst average estimate of -$43.47 million.
- Adjusted EBITDA- Caesars Digital: $20 million versus the six-analyst average estimate of $22.44 million.
- Adjusted EBITDA- Managed and Branded: $17 million versus the six-analyst average estimate of $18.86 million.
View all Key Company Metrics for Caesars Entertainment here>>>
Shares of Caesars Entertainment have returned +0.1% over the past month versus the Zacks S&P 500 composite's -1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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This article originally published on Zacks Investment Research (zacks.com).
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