Red Rock Resorts is called a casino sector standout by J.P. Morgan [Seeking Alpha]
Red Rock Resorts, Inc. - Class A (RRR)
Last red rock resorts, inc. - class a earnings: 2/4 04:03 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=254368&p=irol-irhome
Company Research
Source: Seeking Alpha
Analyst Joseph Greff and his team continue to like the risk-reward profile on the casino stock. Looking ahead, Red Rock Resorts' ( RRR ) Q1 and full-year outlook are expected to stand out within the gaming sector. "We think RRR's 1Q24 and outlook commentary will likely be more positive than peers given peers' mixed regional results related to harsh January/February weather, uneven Las Vegas Strip results, and LV table games win and OSB hold volatility. We believe our prior (and current Consensus) estimates were too conservative and base this reassessment post recent Las Vegas market visits, RRR's LV Locals competitors' commentary, as well as gaming peers' comments and observations." J.P. Morgan upped its year-end price target on RRR to $69 from $63 based on a 10X 2025 EV/EBITDA estimate plus a land value estimate of $662M less net debt adjusted for construction-in-progress. The PT implies that RRR can trade at ~7.4% free cash flow yield on J.P. Morgan's 2025 estimate of $5.14 per
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RRR
News
- Unlocking Q1 Potential of Red Rock Resorts (RRR): Exploring Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Earnings To Watch: Red Rock Resorts (RRR) Reports Q1 Results Tomorrow [Yahoo! Finance]Yahoo! Finance
- Earnings Preview: Red Rock Resorts (RRR) Q1 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
- Red Rock Resorts: Under The Radar Despite Solid Performance [Seeking Alpha]Seeking Alpha
- Red Rock Resorts, Inc. (NASDAQ: RRR) had its price target raised by analysts at Truist Financial Co. from $58.00 to $60.00. They now have a "hold" rating on the stock.MarketBeat
RRR
Earnings
- 2/7/24 - Beat
RRR
Sec Filings
- 4/18/24 - Form DEFA14A
- 4/18/24 - Form DEF
- 3/14/24 - Form 8-K
- RRR's page on the SEC website