Caesars Entertainment (CZR) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates

Core Viewpoint - Caesars Entertainment is expected to report a quarterly loss of -$0.18 per share, a significant decline of 460% compared to the same period last year, while revenues are forecasted to increase by 2.6% year over year to $2.87 billion [1] Financial Estimates - The consensus EPS estimate has been revised down by 62.5% over the last 30 days, indicating a reevaluation by analysts [1] - Analysts predict 'Net Revenues- Las Vegas' at $1.05 billion, reflecting a year-over-year decline of 3.3% [4] - 'Net Revenues- Regional' is projected to reach $1.36 billion, showing a year-over-year increase of 1.6% [4] - 'Net Revenues- Caesars Digital' is expected to be $407.69 million, indicating a substantial year-over-year growth of 35% [4] - 'Net Revenues- Managed and Branded' is forecasted at $69.67 million, a year-over-year increase of 2.5% [5] - 'Net Revenues- Corporate and Other' is expected to be $1.03 million, reflecting a significant decline of 65.6% year over year [5] - 'Net Revenues- Las Vegas- Casino' is estimated at $285.57 million, indicating a slight decline of 0.2% year over year [5] Gaming Metrics - 'Las Vegas - Table game drop' is expected to be $778.09 million, slightly down from $782.00 million reported in the same quarter last year [6] - 'Las Vegas - Slot handle' is projected to reach $2.86 billion, compared to $2.83 billion in the same quarter last year [6] - 'Caesars Digital - iGaming handle' is estimated at $5.29 billion, up from $4.06 billion year over year [7] - 'Caesars Digital - Sports betting handle' is expected to be $3.52 billion, an increase from $3.31 billion in the previous year [7] EBITDA Estimates - 'Adjusted EBITDA- Las Vegas' is estimated at $446.46 million, down from $481.00 million year over year [8] - 'Adjusted EBITDA- Regional' is projected to be $405.02 million, slightly down from $410.00 million reported in the same quarter last year [8] Stock Performance - Shares of Caesars Entertainment have declined by 16.5% over the past month, contrasting with a -0.3% change in the Zacks S&P 500 composite [9] - The company holds a Zacks Rank 5 (Strong Sell), indicating expectations of underperformance relative to the overall market [9]