Red Rock Resorts Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St.02-24

Red Rock Resorts (NASDAQ:RRR) Full Year 2024 Results

Key Financial Results

  • Revenue: US$1.94b (up 13% from FY 2023).
  • Net income: US$154.1m (down 13% from FY 2023).
  • Profit margin: 7.9% (down from 10% in FY 2023). The decrease in margin was driven by higher expenses.
  • EPS: US$2.61 (down from US$3.04 in FY 2023).
    NasdaqGS:RRR Revenue and Expenses Breakdown February 24th 2025

    All figures shown in the chart above are for the trailing 12 month (TTM) period

    Red Rock Resorts EPS Beats Expectations

    Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 70%.

    The primary driver behind last 12 months revenue was the Las Vegas Operations segment contributing a total revenue of US$1.93b (99% of total revenue). The most substantial expense, totaling US$421.3m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how RRR's revenue and expenses shape its earnings.

    Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

    Performance of the American Hospitality industry.

    The company's shares are down 2.6% from a week ago.

    Risk Analysis

    We don't want to rain on the parade too much, but we did also find 2 warning signs for Red Rock Resorts (1 shouldn't be ignored!) that you need to be mindful of.

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    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.

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