Equities analysts forecast that Caesars Entertainment Co. (NASDAQ:CZR) will announce earnings of ($0.02) per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Caesars Entertainment’s earnings. The lowest EPS estimate is ($0.06) and the highest is $0.08. Caesars Entertainment reported earnings of $0.04 per share in the same quarter last year, which indicates a negative year over year growth rate of 150%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Caesars Entertainment will report full-year earnings of ($0.46) per share for the current fiscal year, with EPS estimates ranging from ($0.51) to ($0.43). For the next year, analysts anticipate that the company will post earnings of ($0.04) per share, with EPS estimates ranging from ($0.21) to $0.29. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Caesars Entertainment.
Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.13). The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.08 billion. Caesars Entertainment had a net margin of 1.41% and a negative return on equity of 9.84%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) earnings per share.
CZR traded down $0.06 during trading on Friday, reaching $11.80. 7,329,320 shares of the stock traded hands, compared to its average volume of 38,439,676. The stock has a market capitalization of $7.94 billion, a PE ratio of -62.11 and a beta of 1.43. The company has a 50-day simple moving average of $10.77. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 6.02. Caesars Entertainment has a 12 month low of $5.84 and a 12 month high of $12.23.
Several hedge funds have recently modified their holdings of CZR. Oaktree Capital Management LP bought a new position in Caesars Entertainment in the 4th quarter worth approximately $67,900,000. First Trust Advisors LP boosted its holdings in Caesars Entertainment by 44.7% in the 1st quarter. First Trust Advisors LP now owns 637,174 shares of the company’s stock worth $5,537,000 after buying an additional 196,890 shares during the period. MUFG Securities EMEA plc bought a new position in Caesars Entertainment in the 4th quarter worth approximately $4,753,000. Principal Financial Group Inc. bought a new position in Caesars Entertainment in the 4th quarter worth approximately $232,000. Finally, Jabodon PT Co. bought a new position in Caesars Entertainment in the 1st quarter worth approximately $4,270,000.
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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