Red Rock Resorts Q3 Earnings & Revenues Surpass Estimates

Zacks11-08

Red Rock Resorts, Inc. RRR reported third-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top line increased year over year, while the bottom line declined ...

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The top line increased year over year, while the bottom line declined ...</p>\n\n<a href=\"https://finance.yahoo.com/news/red-rock-resorts-q3-earnings-141800588.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>Red Rock Resorts Q3 Earnings & Revenues Surpass Estimates</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\">\nRed Rock Resorts Q3 Earnings & Revenues Surpass Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-08 22:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/red-rock-resorts-q3-earnings-141800588.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Red Rock Resorts, Inc. RRR reported third-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top line increased year over year, while the bottom line declined ...</p>\n\n<a href=\"https://finance.yahoo.com/news/red-rock-resorts-q3-earnings-141800588.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":"RRR","symbol_name":"Red Rock Resorts","start_time":0,"source_url":"https://finance.yahoo.com/news/red-rock-resorts-q3-earnings-141800588.html","article_id":"2481488021","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/1VKaor.8d9bYcvO1nyOeow--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f6206b1433a2040570d7364e7915d0b5"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481488021","pubTimestamp":1731075480,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Red Rock Resorts, Inc. RRR reported third-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top line increased year over year, while the bottom line declined from the prior-year quarter’s figure.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the quarter under review, adjusted earnings per share  came in at 48 cents, outpacing the Zacks Consensus Estimate of 37 cents. In the prior-year quarter, it recorded an adjusted EPS of 60 cents.Quarterly revenues of $468 million surpassed the consensus mark of $461 million by 1.6%. The top line rose 13.7% on a year-over-year basis.Red Rock Resorts, Inc. Price, Consensus and EPS Surprise. Red Rock Resorts, Inc. price-consensus-eps-surprise-chart | Red Rock Resorts, Inc. Quote. Red Rock Resorts currently carries a Zacks Rank #3 . You can see the complete list of today’s Zacks Rank #1  stocks here.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RRR":"Red Rock Resorts","RCL":"皇家加勒比邮轮","HLT":"希尔顿酒店"},"translate_title":"红岩度假村第三季度盈利和收入超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RRR":1,"HLT":0.9,"RCL":0.9},"content_text":"Red Rock Resorts, Inc. RRR reported third-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top line increased year over year, while the bottom line declined from the prior-year quarter’s figure.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nRRR’s Q3 Earnings & Revenues\nIn the quarter under review, adjusted earnings per share (EPS) came in at 48 cents, outpacing the Zacks Consensus Estimate of 37 cents. In the prior-year quarter, it recorded an adjusted EPS of 60 cents.Quarterly revenues of $468 million surpassed the consensus mark of $461 million by 1.6%. The top line rose 13.7% on a year-over-year basis.\n\nRed Rock Resorts, Inc. Price, Consensus and EPS Surprise\n\nRed Rock Resorts, Inc. price-consensus-eps-surprise-chart | Red Rock Resorts, Inc. Quote\n\nLas Vegas Operations\nDuring the third quarter of 2024, revenues from Las Vegas operations totaled $464.7 million, up 13.9% from $408 million reported in the prior-year quarter. Our projection was $460.9 million.Adjusted EBITDA was $202.6 million, up 5.8% year over year. Our estimate for the metric was $158.9 million.\nRRR's Operating Highlights\nDuring the third quarter, selling, general and administrative expenses came in at $109 million, compared with $91.9 million reported in the prior-year quarter. Our model estimated the metric at $110.9 million.Net income during the quarter came in at $55.4 million, compared with $68.4 million reported in the prior-year quarter. Our model estimated the metric at $37.2 million.Adjusted EBITDA in the third quarter came in at $182.7 million compared with $175.2 million reported in the prior-year quarter. Our model estimated the metric at $144.7 million.\nOther Financial Details\nAs of Sept. 30, 2024, RRR had cash and cash equivalents of $117.5 million compared with $136.4 million as of June 30, 2024. Outstanding debt at the third-quarter end was $3.5 billion, flat sequentially.\nRRR’s Zacks Rank\nRed Rock Resorts currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.\nRecent Consumer Discretionary Releases\nRoyal Caribbean Cruises Ltd. RCL posted impressive third-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and bottom lines increased on a year-over-year basis.In the quarter, the company exceeded its guidance, driven by stronger pricing on close-in demand, continued growth in onboard revenues and reduced costs due to timing factors. The company has raised its outlook for 2024 and reported elevated demand patterns heading into 2025.Mattel, Inc. MAT reported impressive third-quarter 2024 results, wherein the adjusted earnings and net sales topped the Zacks Consensus Estimate. The top line surpassed the consensus estimate after missing it for three consecutive quarters. On a year-over-year basis, net sales declined while adjusted earnings grew.The company’s quarterly results benefited notably from its Optimizing for Profitable Growth program along with the focus on its multi-year strategy to expand its IP-driven toy business and entertainment offering. Although the top line was adversely impacted by reduced sales from both the reportable segments, the bottom line showed resilience through operational efficiencies.Hilton Worldwide Holdings Inc. HLT reported third-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. Both the metrics increased on a year-over-year basis.The company's performance was backed by notable improvements in RevPAR, attributed to higher occupancy rates and average daily rates. Furthermore, in the quarter, Hilton opened 531 new hotels. It achieved net room growth of 33,600. As of Sept. 30, 2024, Hilton's development pipeline comprised nearly 3,525 hotels, with almost 492,400 rooms across 120 countries and territories — including 28 countries and regions with no running hotels. For 2024, the company expects net unit growth in the range of 7-7.5%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nRoyal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report\nMattel, Inc. (MAT) : Free Stock Analysis Report\nHilton Worldwide Holdings Inc. (HLT) : Free Stock Analysis Report\nRed Rock Resorts, Inc. (RRR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","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":"4.29.1","shortVersion":"4.29.1","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/2481488021"}