Caesars Entertainment (CZR) Beats Q4 Earnings Estimates

Core Viewpoint - Caesars Entertainment reported quarterly earnings of $0.05 per share, surpassing the Zacks Consensus Estimate of a loss of $0.15 per share, and showing improvement from a loss of $0.34 per share a year ago [1] - The company posted revenues of $2.8 billion for the quarter ended December 2024, slightly missing the Zacks Consensus Estimate by 0.40% and down from $2.83 billion year-over-year [2] Financial Performance - The earnings surprise for the recent quarter was 133.33%, while the previous quarter saw a surprise of -119.05% with an expected earnings of $0.21 per share but resulting in a loss of $0.04 [1][2] - Over the last four quarters, Caesars has only surpassed consensus EPS estimates once [2] Stock Performance and Outlook - Caesars Entertainment shares have increased approximately 4.9% since the beginning of the year, outperforming the S&P 500's gain of 1.7% [3] - The company's current consensus EPS estimate for the upcoming quarter is $0.07 on revenues of $2.86 billion, and for the current fiscal year, it is $1.13 on revenues of $11.64 billion [7] Industry Context - The Leisure and Recreation Services industry, to which Caesars belongs, is currently ranked in the top 20% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]