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Red Rock Resorts (DE:RRK)
FRANKFURT:RRK
Holding DE:RRK?
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.42Last Year’s EPS
0.53Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -14.23%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with record-breaking results in several segments, including Las Vegas operations, hotel, and food and beverage. However, challenges such as decreased margins, cannibalization effects, and group sales softness were noted. Overall, the positive aspects outweighed the challenges.Company Guidance
During the Red Rock Resorts Q3 2024 earnings call, the company reported robust financial performance, particularly highlighting their Las Vegas operations which achieved a record third-quarter net revenue of $464.7 million, up 13.9% year-over-year, with adjusted EBITDA reaching $202.6 million, a 5.8% increase from the previous year. The Durango Casino Resort significantly contributed to this success, with visitation and net theoretical win in the Durango area up by approximately 91% and 92% respectively, and over 70,000 new customers added to their database. Despite a slight decrease in adjusted EBITDA margin to 43.6%, the company maintained a positive outlook by planning a $116 million expansion at Durango, expected to add significant casino space and parking. Company-wide, net revenue was $468 million with an adjusted EBITDA of $182.7 million, reflecting a 4.3% increase from last year. Challenges such as cannibalization primarily impacting their Red Rock property and renovation disruptions were noted, but the company expects to mitigate these with long-term demographic growth and strategic property reinvestments.Record Las Vegas Operations Performance
Las Vegas operations had their best third quarter in history with near-record adjusted EBITDA margin.
Durango Casino Resort Success
Durango Casino Resort increased visitation and net theoretical win in the surrounding area by approximately 91% and 92%, respectively, and signed up over 70,000 new customers.
Strong Financial Metrics
Consolidated net revenue was $468 million, up 13.7% from the prior year. Adjusted EBITDA was $182.7 million, up 4.3%.
Hotel and Food & Beverage Record Performance
Hotel and Food & Beverage segments experienced their highest third-quarter revenue and profitability, driven by higher ADR and average checks.
Dividend and Shareholder Returns
The company's Board of Directors declared a cash dividend of $0.25 per Class A common share, with a total of $194.8 million returned to shareholders in 2024.
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DE:RRK 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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DE:RRK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | €52.23 | €51.24 | -1.90% |
| Jul 23, 2024 | €53.48 | €56.45 | +5.56% |
| May 07, 2024 | €49.27 | €47.50 | -3.60% |
| Feb 07, 2024 | €49.18 | €49.18 | 0.00% |
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 (DE:RRK) report earnings?
Red Rock Resorts (DE:RRK) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Red Rock Resorts (DE:RRK) earnings time?
Red Rock Resorts (DE:RRK) earnings time is at Feb 11, 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 the P/E ratio of Red Rock Resorts stock?
The P/E ratio of Red Rock Resorts is N/A.
What is DE:RRK EPS forecast?
DE:RRK EPS forecast for the fiscal quarter 2024 (Q4) is 0.42.
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