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Red Rock Resorts (RRR)
NASDAQ:RRR
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.49Last Year’s EPS
0.41Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: 3.67%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook, with strong financial performance and growth in the Las Vegas operations and Durango Casino Resort, offset by challenges such as decreased adjusted EBITDA margins, sports betting hold impacts, and anticipated disruption from ongoing construction projects. While positive trends in customer engagement and expansions are encouraging, these are balanced by operational and market challenges.Company Guidance
During the Red Rock Resorts Fourth Quarter and Full Year 2024 Conference Call, the company provided robust guidance and metrics reflecting strong financial performance and strategic plans. For the Las Vegas operations, the fourth quarter net revenue was $492.6 million, a 7.2% increase from the prior year, while adjusted EBITDA reached $223.9 million, up 1.6%, with an adjusted EBITDA margin of 45.4%. On a consolidated basis, full-year net revenue was $1.9 billion, up 12.5%, with adjusted EBITDA at $795.9 million, a 6.7% increase, and an adjusted EBITDA margin of 41%. The Durango Casino Resort showcased significant growth, signing up over 85,000 new customers, and is expected to generate a 16% return in 2024. Capital expenditure for 2025 is projected to range between $375 and $425 million, focusing on expanding casino space and enhancing customer amenities. The company emphasized operational discipline and reinvestment in properties, alongside strategic developments such as the North Fork project and additional tavern openings, aiming for long-term growth in the Las Vegas locals market.Record Financial Performance in Las Vegas Operations
Fourth quarter net revenue of $492.6 million, up 7.2% from the prior year's fourth quarter, and adjusted EBITDA of $223.9 million, up 1.6% from the prior year's fourth quarter.
Durango Casino Resort Success
Durango Casino Resort continues to grow with 85,000 new customer sign-ups and remains on track to become one of the highest margin properties.
Strong Free Cash Flow Conversion
Converted 78% of adjusted EBITDA to operating free cash flow, generating $158.6 million or $1.50 per share in the quarter.
Expansion and Renovation Projects
Ongoing expansions at Durango, Sunset Station, and Green Valley Ranch with significant investments in new amenities and casino space.
Positive Market Trends and Customer Engagement
Consistent positive trends across the database, especially in high-end customer segments, with stability anticipated in the core slot and tables business.
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RRR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RRR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $50.92 | $51.57 | +1.28% |
| Nov 07, 2024 | $55.38 | $53.00 | -4.30% |
| Jul 23, 2024 | $60.12 | $55.78 | -7.22% |
| May 07, 2024 | $53.58 | $49.50 | -7.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Red Rock Resorts (RRR) report earnings?
Red Rock Resorts (RRR) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Red Rock Resorts (RRR) earnings time?
Red Rock Resorts (RRR) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RRR EPS forecast?
RRR EPS forecast for the fiscal quarter 2025 (Q1) is 0.49.
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