Caesars Entertainment, Inc. Reported A Surprise Loss, And Analysts Have Updated Their Forecasts

Simply Wall St.11-01

Last week, you might have seen that Caesars Entertainment, Inc. (NASDAQ:CZR) released its third-quarter result to the market. The early response was not positive, with shares down 9.3% to US$40.05 in ...

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The early response was not positive, with shares down 9.3% to US$40.05 in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/caesars-entertainment-inc-reported-surprise-120401623.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Caesars Entertainment, Inc. Reported A Surprise Loss, And Analysts Have Updated Their Forecasts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCaesars Entertainment, Inc. Reported A Surprise Loss, And Analysts Have Updated Their Forecasts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-01 20:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/caesars-entertainment-inc-reported-surprise-120401623.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last week, you might have seen that Caesars Entertainment, Inc. (NASDAQ:CZR) released its third-quarter result to the market. The early response was not positive, with shares down 9.3% to US$40.05 in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/caesars-entertainment-inc-reported-surprise-120401623.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://finance.yahoo.com/news/caesars-entertainment-inc-reported-surprise-120401623.html","article_id":"2480331888","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/0yWFmUwzv29g9S_H7Pjruw--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/5b1d2ff7e1125ee2296b665d2ce31a1c"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480331888","pubTimestamp":1730462641,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Last week, you might have seen that Caesars Entertainment, Inc.  released its third-quarter result to the market. The early response was not positive, with shares down 9.3% to US$40.05 in the past week. Revenues came in at US$2.9b, in line with estimates, while Caesars Entertainment reported a statutory loss of US$0.04 per share, well short of prior analyst forecasts for a profit. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4561":"索罗斯持仓","CZR":"凯撒娱乐","BK4588":"碎股","BK4566":"资本集团","BK4150":"赌场与赌博"},"translate_title":"凯撒娱乐公司公布意外亏损，分析师更新了预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CZR":1},"content_text":"Last week, you might have seen that Caesars Entertainment, Inc. (NASDAQ:CZR) released its third-quarter result to the market. The early response was not positive, with shares down 9.3% to US$40.05 in the past week. Revenues came in at US$2.9b, in line with estimates, while Caesars Entertainment reported a statutory loss of US$0.04 per share, well short of prior analyst forecasts for a profit. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. \n See our latest analysis for Caesars Entertainment \n\n\n\n  NasdaqGS:CZR Earnings and Revenue Growth November 1st 2024\n \n\n Following the latest results, Caesars Entertainment's 16 analysts are now forecasting revenues of US$11.8b in 2025. This would be a credible 4.8% improvement in revenue compared to the last 12 months. Earnings are expected to improve, with Caesars Entertainment forecast to report a statutory profit of US$1.41 per share. In the lead-up to this report, the analysts had been modelling revenues of US$11.9b and earnings per share (EPS) of US$1.53 in 2025. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a small dip in their earnings per share forecasts. \n The consensus price target held steady at US$53.32, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Caesars Entertainment at US$66.00 per share, while the most bearish prices it at US$35.00. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view. \n Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that Caesars Entertainment's revenue growth is expected to slow, with the forecast 3.8% annualised growth rate until the end of 2025 being well below the historical 29% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 9.5% annually. Factoring in the forecast slowdown in growth, it seems obvious that Caesars Entertainment is also expected to grow slower than other industry participants. \nThe Bottom Line \n The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Caesars Entertainment. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at US$53.32, with the latest estimates not enough to have an impact on their price targets. \n With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Caesars Entertainment going out to 2026, and you can see them free on our platform here.. \n You can also see whether Caesars Entertainment is carrying too much debt, and whether its balance sheet is healthy, for free  on our platform here. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480331888"}