B. Riley Forecasts Lower Earnings for Caesars Entertainment

Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) - Research analysts at B. Riley dropped their FY2024 earnings per share estimates for shares of Caesars Entertainment in a research report issued on Wednesday, October 30th. B. Riley analyst D. Bain now anticipates that the company will post earnings per share of ($0.53) for the year, down from their prior estimate of ($0.27). The consensus estimate for Caesars Entertainment's current full-year earnings is ($0.35) per share. B. Riley also issued estimates for Caesars Entertainment's Q1 2025 earnings at $0.02 EPS, Q2 2025 earnings at $0.20 EPS and Q3 2025 earnings at $0.40 EPS.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.25). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The company had revenue of $2.87 billion for the quarter, compared to analysts' expectations of $2.93 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The firm's revenue was down 4.0% on a year-over-year basis.

A number of other analysts also recently issued reports on the company. Susquehanna reissued a "negative" rating and set a $33.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, July 31st. StockNews.com raised Caesars Entertainment from a "sell" rating to a "hold" rating in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on Caesars Entertainment from $54.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday. Barclays cut their price objective on Caesars Entertainment from $59.00 to $57.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company cut their price objective on Caesars Entertainment from $58.00 to $53.00 and set an "overweight" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Caesars Entertainment has an average rating of "Moderate Buy" and a consensus target price of $54.00.

Caesars Entertainment Trading Down 2.1 %

Shares of NASDAQ CZR traded down $0.83 during trading on Friday, hitting $39.22. 3,781,220 shares of the company were exchanged, compared to its average volume of 4,178,371. Caesars Entertainment has a 12-month low of $31.74 and a 12-month high of $50.51. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.68 and a current ratio of 0.84. The company has a fifty day moving average price of $41.07 and a 200-day moving average price of $38.18. The firm has a market capitalization of $8.33 billion, a PE ratio of -23.48 and a beta of 2.97.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CZR. Assetmark Inc. boosted its stake in shares of Caesars Entertainment by 8.0% during the 3rd quarter. Assetmark Inc. now owns 3,447 shares of the company's stock worth $144,000 after acquiring an additional 256 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Caesars Entertainment by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,454,520 shares of the company's stock worth $60,712,000 after acquiring an additional 59,170 shares in the last quarter. Fiduciary Family Office LLC boosted its stake in shares of Caesars Entertainment by 1.7% during the 3rd quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company's stock worth $1,052,000 after acquiring an additional 424 shares in the last quarter. Innealta Capital LLC boosted its stake in shares of Caesars Entertainment by 23,029.2% during the 3rd quarter. Innealta Capital LLC now owns 5,551 shares of the company's stock worth $232,000 after acquiring an additional 5,527 shares in the last quarter. Finally, Helikon Investments Ltd boosted its stake in shares of Caesars Entertainment by 67.1% during the 3rd quarter. Helikon Investments Ltd now owns 1,587,547 shares of the company's stock worth $66,264,000 after acquiring an additional 637,303 shares in the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.