Analysts Anticipate Caesars Entertainment Co. (NASDAQ:CZR) Will Announce Earnings of -$0.04 Per Share

Analysts expect that Caesars Entertainment Co. (NASDAQ:CZR) will report earnings of ($0.04) per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Caesars Entertainment’s earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at $0.00. Caesars Entertainment posted earnings per share of ($0.32) in the same quarter last year, which suggests a positive year over year growth rate of 87.5%. The firm is scheduled to report its next earnings results on Wednesday, May 6th.

On average, analysts expect that Caesars Entertainment will report full year earnings of $0.01 per share for the current year, with EPS estimates ranging from ($0.11) to $0.17. For the next fiscal year, analysts expect that the firm will post earnings of $0.07 per share, with EPS estimates ranging from ($0.04) to $0.16. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Caesars Entertainment.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.36). The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.13 billion. Caesars Entertainment had a negative net margin of 7.98% and a negative return on equity of 14.01%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.15) earnings per share.

A number of analysts have recently issued reports on CZR shares. Zacks Investment Research upgraded Caesars Entertainment from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Wednesday, January 22nd. UBS Group boosted their price objective on Caesars Entertainment from $12.00 to $13.75 and gave the company a “neutral” rating in a research report on Friday, January 10th. Morgan Stanley boosted their price objective on Caesars Entertainment from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. BidaskClub upgraded Caesars Entertainment from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, TheStreet cut Caesars Entertainment from a “c-” rating to a “d+” rating in a research report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $13.36.

A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its position in Caesars Entertainment by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 6,659,677 shares of the company’s stock valued at $90,571,000 after acquiring an additional 218,014 shares during the period. Mason Street Advisors LLC grew its position in Caesars Entertainment by 1.9% in the fourth quarter. Mason Street Advisors LLC now owns 296,866 shares of the company’s stock valued at $4,037,000 after acquiring an additional 5,408 shares during the period. GQ Asset Management LLC bought a new stake in Caesars Entertainment in the fourth quarter valued at $297,000. Gabelli Funds LLC grew its position in Caesars Entertainment by 335.6% in the fourth quarter. Gabelli Funds LLC now owns 4,284,457 shares of the company’s stock valued at $58,269,000 after acquiring an additional 3,300,789 shares during the period. Finally, AQR Capital Management LLC grew its position in Caesars Entertainment by 3.4% in the fourth quarter. AQR Capital Management LLC now owns 28,467 shares of the company’s stock valued at $387,000 after acquiring an additional 926 shares during the period.

Shares of CZR traded down $0.36 on Wednesday, reaching $12.95. 25,192,752 shares of the stock traded hands, compared to its average volume of 13,312,562. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of -12.10 and a beta of 1.25. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.27 and a quick ratio of 1.26. Caesars Entertainment has a 12 month low of $8.00 and a 12 month high of $14.73. The stock’s 50-day moving average price is $13.93 and its 200-day moving average price is $12.73.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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