Core Viewpoint - Red Rock Resorts (NASDAQ:RRR) is a significant entity in the Consumer Discretionary sector, primarily operating casino and entertainment properties in Las Vegas, competing with major players like Sony [1] Company Performance - Stifel Nicolaus has set a price target of $68 for RRR, indicating a potential price increase of approximately 27.56% from its current price of $53.31, supported by RRR's strong performance metrics [2][5] - RRR's stock price has shown volatility, with a recent decrease of 0.48, or approximately -0.89%, and fluctuating between $52.49 and $53.90 on the day [3][5] - Over the past year, RRR's stock has experienced a high of $63.60 and a low of $35.09, showcasing its volatility and growth potential [3][5] Market Position - RRR's market capitalization is approximately $3.17 billion, indicating a significant presence in the market [4] - The stock has a trading volume of 630,177 shares on the NASDAQ exchange, reflecting active trading interest [4] - RRR holds a Zacks Sector Rank of 10 within the Consumer Discretionary sector, suggesting strong potential for short-term market outperformance [2][5]

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Red Rock Resorts (RRR) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.Red Rock Resorts is a member of the Consumer Discretionary sector. This group includes 264 individual stocks and currently holds a Zacks Sector Rank of #10. The Z ...

Core Insights - Diamond Hill Capital's "Select Fund" underperformed the Russell 3000 Index in Q3 2025, returning 4.98% compared to the index's 8% gain [1] - The fund highlighted Red Rock Resorts, Inc. as a key stock, which has seen a one-month return of -14.89% and a 52-week gain of 1.61% [2] - Red Rock Resorts controls over half of the Las Vegas locals market and is experiencing steady growth, although it is not among the top 30 most popular stocks among hedge funds [3] Company Performance - Red Rock Resorts, Inc. closed at $52.29 per share on October 29, 2025, with a market capitalization of $5.357 billion [2] - The company is recognized for its fundamental strength, contributing positively to the fund's performance in the quarter [3] Hedge Fund Interest - Interest in Red Rock Resorts among hedge funds increased, with 32 portfolios holding the stock at the end of Q2 2025, up from 26 in the previous quarter [3] - Despite this interest, the fund suggests that certain AI stocks may offer better upside potential and lower downside risk compared to Red Rock Resorts [3]

Red Rock Resorts (NASDAQ:RRR) reported revenue rose 1.6% in Q3 to $475.6 million. Net income was up 38.8% to $76.9 million, while adjusted EBITDA rose 4.5% to $190.9 million. Revenue edged 0.8% for the company's Las Vegas operations to $468.6 million. Adjusted EBITDA ...

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Core Insights - Red Rock Resorts (RRR) reported quarterly earnings of $0.68 per share, exceeding the Zacks Consensus Estimate of $0.36 per share, and up from $0.48 per share a year ago, representing an earnings surprise of +88.89% [1] - The company posted revenues of $475.57 million for the quarter ended September 2025, slightly missing the Zacks Consensus Estimate by 0.12%, but up from $468.02 million year-over-year [2] - Red Rock Resorts has surpassed consensus EPS estimates in all four of the last quarters and has topped consensus revenue estimates three times during the same period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.44 on revenues of $504.2 million, while for the current fiscal year, the estimate is $1.82 on revenues of $2 billion [7] - The stock has gained approximately 26.4% since the beginning of the year, outperforming the S&P 500's gain of 16.9% [3] Industry Context - The Gaming industry, to which Red Rock Resorts belongs, is currently ranked in the top 17% of over 250 Zacks industries, indicating a favorable outlook for stocks within this sector [8] - GDEV Inc., another company in the same industry, is expected to report quarterly earnings of $0.42 per share, reflecting a year-over-year decline of -46.8% [9]

Financial Data and Key Metrics Changes - The third quarter net revenue was $475.6 million, up 1.6% from the prior year's third quarter, with adjusted EBITDA of $190.9 million, up 4.5% [10] - The adjusted EBITDA margin was 40.1%, an increase of 110 basis points from the prior year [10] - The company generated $128.5 million in operating free cash flow, translating to $1.21 per share, bringing year-to-date cumulative free cash flow to $335.3 million, or $3.17 per share [10][11] Business Line Data and Key Metrics Changes - Las Vegas operations achieved a record third-quarter net revenue of $468.6 million, up almost 1% year-over-year, with adjusted EBITDA of $209.4 million, up 3.4% [9] - The hotel segment performed exceptionally well, generating near-record results despite renovations, with occupancy increasing across the portfolio [12] - The food and beverage segment achieved record revenue and near-record profitability, supported by higher cover counts [12] Market Data and Key Metrics Changes - The company reported continued strength in carded slot play across its database, including regional and national segments, with robust visitation and net theoretical win [11] - The local market is expected to add more than 6,000 new households within a three-mile radius of the Durango property over the next few years [9] Company Strategy and Development Direction - The company is focused on executing its development pipeline, including significant investments in Durango Casino Resort, Sunset Station, and Green Valley Ranch [11][17] - The next phase of the Durango Master Plan will expand the property significantly, adding new amenities to enhance guest experience and drive repeat visitation [8][9] - The company aims to maintain operating discipline and enhance shareholder returns through a balanced capital allocation strategy [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength and resilience of the business, despite ongoing construction disruptions [13][22] - The Las Vegas locals' market is viewed as fundamentally different from the Strip, with a loyal customer base driving consistent revenue [42] - The company anticipates continued stability in its core slot and table games business, with a return to normal hold in sports betting [12][32] Other Important Information - The company approved an increase in regular cash quarterly dividends to $0.26 per Class A share, reflecting confidence in long-term earnings power [20] - The total project cost for the Durango expansion is estimated at approximately $385 million, with construction expected to begin in January [8][9] Q&A Session Summary Question: Can you talk about the rationale for the Durango expansion? - Management highlighted the strong performance of Durango and the lack of competition in the area, expecting similar returns on the expansion as the initial build [27][28] Question: What was the impact of sports betting hold this quarter? - Management noted a return to normal hold after an unfavorable hold last year, estimating a disruption impact of about $2.5 to $3 million for the quarter [32] Question: How did the hotel segment perform compared to the Strip? - The hotel segment showed resilience, with occupancy up and RevPAR only slightly down, outperforming the Strip by about 25% on an ADR basis [38] Question: What is the expected disruption from ongoing construction projects? - Management expects disruption to extend beyond 2025 into 2026, with estimated impacts of around $8 million for Q4 [32][94] Question: How is the tavern business performing? - The company has eight taverns under contract, with two operational and positive early performance indicators, attracting a younger customer base [96][97]

Red Rock Resorts (NasdaqGS:RRR) Q3 2025 Earnings Call October 28, 2025 04:30 PM ET Company ParticipantsFrank Fertitta - CEOChad Beynon - Head of US ResearchScott Kreeger - PresidentLorenzo Fertitta - Vice ChairmanPatrick Keough - Equity Research AssociateJohn DeCree - Head of Institutional Investor ResearchStephen Cootey - EVP, CFO, and TreasurerConference Call ParticipantsBen Chaiken - Equity AnalystJoseph Stauff - Senior Equity Research AnalystSteve Pezzella - AnalystNone - AnalystBrandt Montour - Directo ...

Red Rock Resorts (NasdaqGS:RRR) Q3 2025 Earnings Call October 28, 2025 04:30 PM ET Speaker6Good afternoon and welcome to the Red Rock Resorts' third quarter 2025 conference call. All participants will be in a listen-only mode. Please note this conference call is being recorded. I would now like to turn the conference over to Mr. Stephen Cootey, Executive Vice President, Chief Financial Officer, and Treasurer of Red Rock Resorts. Please go ahead.Speaker8Thank you, Operator, and good afternoon, everyone. Than ...

Exhibit 99.1 Red Rock Resorts Announces Third Quarter 2025 Results LAS VEGAS, October 28, 2025 (PRNewswire)—Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ: RRR) today reported financial results for the third quarter ended September 30, 2025. Third Quarter Results Consolidated Operations Las Vegas Operations Native American • Net revenues and adjusted EBITDA from Native American activities were $3.9 million for the third quarter of 2025, representing revenue related to development ...