Caesars Entertainment (CZR) Reports Q1 Loss, Tops Revenue Estimates

Core Insights - Caesars Entertainment reported a quarterly loss of $0.54 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.19, marking an earnings surprise of -184.21% [1] - The company generated revenues of $2.79 billion for the quarter, slightly exceeding the Zacks Consensus Estimate by 0.50%, and showing a year-over-year increase from $2.74 billion [2] Financial Performance - Over the last four quarters, Caesars has only surpassed consensus EPS estimates once [2] - The company has experienced a stock price decline of approximately 16% since the beginning of the year, compared to a 6% decline in the S&P 500 [3] Future Outlook - The future performance of Caesars' stock will largely depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.27 on revenues of $2.88 billion, and for the current fiscal year, it is $0.69 on revenues of $11.5 billion [7] Industry Context - The Leisure and Recreation Services industry, to which Caesars belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8]

Caesars Entertainment (CZR) Reports Q1 Loss, Tops Revenue Estimates - Reportify