Bally's (US:BALY) Zacks Investment Researchยท2024-02-22 00:01Core Insights - Bally's Corporation reported revenue of $611.67 million for the quarter ended December 2023, marking a year-over-year increase of 6.1% but falling short of the Zacks Consensus Estimate by 2.39% [1] - The company posted an EPS of -$0.86, which is a decline from -$0.43 a year ago, and the EPS surprise was -56.36% compared to the consensus estimate of -$0.55 [1] Revenue Performance - Revenue from Casinos & Resorts was $342.32 million, slightly below the two-analyst average estimate of $342.45 million, with a year-over-year change of +7.3% [2] - International Interactive revenue reached $235.98 million, underperforming the two-analyst average estimate of $243 million, with a year-over-year change of +2.1% [2] - North America Interactive revenue was $33.37 million, compared to the two-analyst average estimate of $34.75 million, reflecting a year-over-year change of +26.9% [2] Adjusted EBITDAR Metrics - Adjusted EBITDAR for Other was -$17.08 million, worse than the three-analyst average estimate of -$13.37 million [2] - Adjusted EBITDAR for International Interactive was $93.21 million, exceeding the three-analyst average estimate of $84.13 million [2] - Adjusted EBITDAR for North America Interactive was -$9.84 million, better than the average estimate of -$14.83 million [2] - Adjusted EBITDAR for Casinos & Resorts was $94.66 million, slightly below the three-analyst average estimate of $96.03 million [2] Stock Performance - Bally's shares have returned -6.6% over the past month, contrasting with the Zacks S&P 500 composite's +3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]