Bally's (BALY) Q3 Earnings: What To Expect

Core Insights - Bally's Corporation is set to report its earnings results, with analysts expecting a revenue growth of 6.1% year on year to $668.5 million, following a previous quarter where it reported revenues of $657.5 million, up 5.8% year on year [1][2]. Revenue Performance - Last quarter, Bally's exceeded analysts' revenue expectations by 1%, but significantly missed adjusted operating income and EPS estimates [1]. - Analysts have generally maintained their revenue estimates for Bally's over the last 30 days, indicating a stable outlook heading into earnings [3]. Peer Comparison - In the casino operator segment, Boyd Gaming reported a year-on-year revenue growth of 4.5%, surpassing expectations by 15.7%, while Red Rock Resorts saw a revenue increase of 1.6%, falling short of estimates by 0.8% [4]. - Following their earnings reports, Boyd Gaming's stock declined by 7.3%, and Red Rock Resorts' stock fell by 11.8% [4]. Market Sentiment - Investors in the casino operator segment have shown stability, with share prices remaining flat over the past month. Bally's stock has increased by 41.6% during the same period, with an average analyst price target of $11.50 compared to its current share price of $18.56 [5].