It has been about a month since the last earnings report for Red Rock Resorts (RRR). Shares have lost about 14.4% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Red Rock Resorts due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
It turns out, estimates review have trended downward during the past month.
The consensus estimate has shifted -6.01% due to these changes.
Currently, Red Rock Resorts has an average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Red Rock Resorts has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Red Rock Resorts is part of the Zacks Gaming industry. Over the past month, Las Vegas Sands (LVS), a stock from the same industry, has gained 2.2%. The company reported its results for the quarter ended December 2024 more than a month ago.
Las Vegas Sands reported revenues of $2.9 billion in the last reported quarter, representing a year-over-year change of -0.7%. EPS of $0.54 for the same period compares with $0.57 a year ago.
For the current quarter, Las Vegas Sands is expected to post earnings of $0.62 per share, indicating a change of -17.3% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.1% over the last 30 days.
Las Vegas Sands has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of A.
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Red Rock Resorts, Inc. (RRR) : Free Stock Analysis Report
Las Vegas Sands Corp. (LVS) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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