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 - ...

Core Viewpoint - Red Rock Resorts reported quarterly earnings of $0.48 per share, exceeding the Zacks Consensus Estimate of $0.37 per share, but down from $0.60 per share a year ago, indicating a 29.73% earnings surprise [1][2] Financial Performance - The company achieved revenues of $468.02 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.58% and showing an increase from $411.61 million year-over-year [2] - Over the last four quarters, Red Rock Resorts has consistently surpassed consensus EPS estimates four times and revenue estimates three times [2] Stock Performance and Outlook - Red Rock Resorts shares have increased approximately 6.2% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $0.48, with expected revenues of $496.9 million, and for the current fiscal year, the estimate is $1.64 on $1.93 billion in revenues [7] Industry Context - The Gaming industry, to which Red Rock Resorts belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting potential challenges ahead [8]

LAS VEGAS, Nov. 7, 2024 /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, 2024.Third Quarter ResultsConsolidated Operations Net revenues were $468.0 million for the third quarter of 2024, an increase of 13.7%, or $56.4 million, from $411.6 million in the same period of 2023.  Net income was $55.4 million for the third quarter of 2024, a decrease of 19.0%, or $13.0 million, from $68.4 mil ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Red Rock Resorts (RRR) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 7, 2024, might help the stock move higher if these key numbers are better t ...