Market Overview

Caesars Entertainment Earnings Preview

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On Thursday, August 06, Caesars Entertainment (NASDAQ: CZR) will release its latest earnings report. Benzinga's outlook for Caesars Entertainment is included in the following report.

Earnings and Revenue

Wall Street expects an EPS loss of $-1.01 and sales around $344.28 million. In the same quarter last year, Caesars Entertainment announced EPS of $-0.390 on revenue of $2.22 billion. If the company were to match the consensus estimate, earnings would be down 158.97%. Here's how the Caesars Entertainment's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate -0.18 -0.11 -0.05 -0.03
EPS Actual -0.30 -0.45 -0.53 -0.39
Revenue Estimate 2.04 B 2.13 B 2.21 B 2.20 B
Revenue Actual 1.83 B 2.17 B 2.24 B 2.22 B

Stock Performance

Over the last 52-week period, shares are down 15.54%. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Caesars Entertainment is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://engage.vevent.com/index.jsp?eid=5827&seid=123

 

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