Caesars Entertainment (CZR) reported $2.8 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 0.9%. EPS of $0.05 for the same period compares to -$0.34 a year ago.
The reported revenue represents a surprise of -0.40% over the Zacks Consensus Estimate of $2.81 billion. With the consensus EPS estimate being -$0.15, the EPS surprise was +133.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Caesars Entertainment performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Revenues- Las Vegas: $1.08 billion versus $1.09 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -0.7% change.
- Net Revenues- Regional: $1.34 billion versus $1.33 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -1.5% change.
- Net Revenues- Caesars Digital: $302 million versus the five-analyst average estimate of $326.08 million. The reported number represents a year-over-year change of -0.7%.
- Net Revenues- Managed and Branded: $68 million versus $68.49 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
- Net Revenues- Corporate and Other: $3 million compared to the -$1.25 million average estimate based on four analysts. The reported number represents a change of -400% year over year.
- Adjusted EBITDA- Las Vegas: $481 million compared to the $486.35 million average estimate based on six analysts.
- Adjusted EBITDA- Regional: $410 million compared to the $407.47 million average estimate based on six analysts.
- Adjusted EBITDA- Corporate and Other: -$43 million versus the six-analyst average estimate of -$43.47 million.
- Adjusted EBITDA- Caesars Digital: $20 million versus the six-analyst average estimate of $22.44 million.
- Adjusted EBITDA- Managed and Branded: $17 million versus the six-analyst average estimate of $18.86 million.
Shares of Caesars Entertainment have returned +0.1% over the past month versus the Zacks S&P 500 composite's -1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
