Red Rock Resorts (RRR) Q3 Earnings and Revenues Beat Estimates

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]