Core Insights - Red Rock Resorts reported revenue of $495.7 million for Q4 2024, a 7.1% year-over-year increase, with an EPS of $0.76 compared to $0.95 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $489.58 million by 1.25%, while the EPS surprised by 80.95% against the consensus estimate of $0.42 [1] Financial Performance Metrics - Casino operating revenues were $326.54 million, surpassing the estimated $324.74 million, reflecting an 8.3% increase year-over-year [4] - Room operating revenues reached $52.32 million, slightly below the estimated $53.62 million, with a minimal year-over-year increase of 0.2% [4] - Food and beverage operating revenues totaled $92.07 million, exceeding the estimated $86.95 million, marking an 8.2% year-over-year increase [4] - Other operating revenues were reported at $24.77 million, above the average estimate of $24.21 million, showing a 5.2% year-over-year increase [4] - Net revenue from Las Vegas operations was $492.64 million, exceeding the three-analyst average estimate of $481.88 million, with a year-over-year change of 7.2% [4] - Corporate and other net revenue was $3.06 million, below the estimated $3.34 million, reflecting an 8.7% year-over-year decline [4] - Adjusted EBITDA for Las Vegas operations was $223.90 million, surpassing the estimated $216.48 million [4] - Adjusted EBITDA for corporate and other operations was -$21.50 million, worse than the estimated -$19.74 million [4] Stock Performance - Red Rock Resorts' shares have returned +14.8% over the past month, outperforming the Zacks S&P 500 composite's +4.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Viewpoint - Red Rock Resorts reported quarterly earnings of $0.76 per share, significantly exceeding the Zacks Consensus Estimate of $0.42 per share, although down from $0.95 per share a year ago, indicating an earnings surprise of 80.95% [1] Financial Performance - The company achieved revenues of $495.7 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.25% and up from $462.71 million year-over-year [2] - Over the last four quarters, Red Rock Resorts has consistently surpassed consensus EPS estimates and revenue estimates [2] Stock Performance - Red Rock Resorts shares have increased approximately 9% since the beginning of the year, outperforming the S&P 500's gain of 3.1% [3] Future Outlook - The company's earnings outlook will be crucial for determining the stock's immediate price movement, with current consensus EPS estimates at $0.51 for the coming quarter and $1.78 for the current fiscal year [4][7] - The estimate revisions trend for Red Rock Resorts is currently mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] 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 compared to the bottom 50% [8]

Financial Performance - Net revenues for Q4 2024 were $495.7 million, a 7.1% increase from $462.7 million in Q4 2023[4] - Net income for Q4 2024 was $87.7 million, a 19.5% decrease from $108.9 million in Q4 2023[4] - Adjusted EBITDA for Q4 2024 was $202.4 million, a slight increase of 0.5% from $201.3 million in Q4 2023[4] - Full year net revenues for 2024 reached $1.94 billion, a 12.5% increase from $1.72 billion in 2023[4] - Full year net income for 2024 was $291.3 million, a 13.8% decrease from $337.8 million in 2023[4] - Full year adjusted EBITDA for 2024 was $795.9 million, a 6.7% increase from $746.0 million in 2023[4] Cash and Debt - Cash and cash equivalents at December 31, 2024, were $164.4 million, with total debt outstanding at $3.4 billion[5] Dividends - The Board of Directors declared a cash dividend of $0.25 per Class A common share for Q1 2025[6] Las Vegas Operations - Net revenues from Las Vegas operations for Q4 2024 were $492.6 million, a 7.2% increase from $459.4 million in Q4 2023[4] - Adjusted EBITDA from Las Vegas operations for 2024 was $879.4 million, a 7.4% increase from $818.8 million in 2023[4]

Core Viewpoint - Red Rock Resorts, Inc. reported its financial results for the fourth quarter and full year ended December 31, 2024, highlighting growth in net revenues but a decline in net income compared to the previous year [1]. Financial Performance - Net revenues for Q4 2024 were $495.7 million, an increase of 7.1% or $33.0 million from $462.7 million in Q4 2023 [7]. - Net income for Q4 2024 was $87.7 million, a decrease of 19.5% or $21.2 million from $108.9 million in Q4 2023 [7]. - Adjusted EBITDA for Q4 2024 was $202.4 million, a slight increase of 0.5% or $1.1 million from $201.3 million in Q4 2023 [7]. - For the full year 2024, net revenues were $1.94 billion, an increase of 12.5% or $215.0 million from $1.72 billion in 2023 [7]. - Full year net income was $291.3 million, a decrease of 13.8% or $46.5 million from $337.8 million in 2023 [7]. - Adjusted EBITDA for the full year 2024 was $795.9 million, an increase of 6.7% or $49.9 million from $746.0 million in 2023 [7]. Las Vegas Operations - Net revenues from Las Vegas operations in Q4 2024 were $492.6 million, an increase of 7.2% or $33.3 million from $459.4 million in Q4 2023 [7]. - Adjusted EBITDA from Las Vegas operations for Q4 2024 was $223.9 million, an increase of 1.6% or $3.6 million from $220.3 million in Q4 2023 [7]. - For the full year 2024, net revenues from Las Vegas operations were $1.93 billion, an increase of 12.6% or $216.2 million from $1.71 billion in 2023 [7]. - Adjusted EBITDA from Las Vegas operations for the full year 2024 was $879.4 million, an increase of 7.4% or $60.5 million from $818.8 million in 2023 [7]. Balance Sheet Highlights - As of December 31, 2024, the company's cash and cash equivalents were $164.4 million, and total principal amount of debt outstanding was $3.4 billion [3]. Dividend Declaration - The Board of Directors declared a cash dividend of $0.25 per Class A common share for Q1 2025, payable on March 31, 2025, to stockholders of record as of March 17, 2025 [4]. - Prior to this dividend payment, Station Holdco LLC will distribute $0.25 per unit to unit holders, totaling approximately $27.5 million, with about $16.0 million expected to be distributed to the company [5].

Red Rock Resorts, Inc. (RRR) is scheduled to report fourth-quarter 2024 results on Feb. 11, 2025, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 29.7%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.RRR’s earnings surpassed the consensus mark in each of the trailing four quarters, with an average surprise of 60.1%.Trend in RRR’s Estimate RevisionFor the quarter to be reported, the Zacks Consensus Estimate for earnings per share ha ...

LAS VEGAS, Jan. 13, 2025 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ: RRR) announced today that it will release the Company's financial results for the fourth quarter and full year 2024 on Tuesday, February 11, 2025 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT). The conference call will consist of prepared remarks from the Company and will include a question and answer session. To listen to the conference call, please dial into ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Red Rock Resorts (RRR) , which belongs to the Zacks Gaming industry, could be a great candidate to consider.When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 33.47%, on average, in the last two quarters.For the last reported quarter, Red Rock Resorts cam ...

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Red Rock Resorts, Inc. (RRR) reported third-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top line increased year over year, while the bottom line declined from the prior-year quarter’s figure.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.RRR’s Q3 Earnings & RevenuesIn the quarter under review, adjusted earnings per share (EPS) came in at 48 cents, outpacing the Zacks Consensus Estimate of 37 cents. In the prior-year quarter, it recorde ...

For the quarter ended September 2024, Red Rock Resorts (RRR) reported revenue of $468.02 million, up 13.7% over the same period last year. EPS came in at $0.48, compared to $0.60 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $460.73 million, representing a surprise of +1.58%. The company delivered an EPS surprise of +29.73%, with the consensus EPS estimate being $0.37.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...