Zacks Research Has Negative Estimate for RRR Q4 Earnings

Red Rock Resorts, Inc. (NASDAQ:RRR) – Equities research analysts at Zacks Research reduced their Q4 2026 earnings per share estimates for shares of Red Rock Resorts in a research report issued on Wednesday, May 20th. Zacks Research analyst Team now anticipates that the company will earn $0.39 per share for the quarter, down from their previous estimate of $0.47. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Red Rock Resorts’ current full-year earnings is $1.73 per share. Zacks Research also issued estimates for Red Rock Resorts’ Q1 2027 earnings at $0.48 EPS, Q2 2027 earnings at $0.40 EPS, Q3 2027 earnings at $0.42 EPS, Q4 2027 earnings at $0.51 EPS, FY2027 earnings at $1.82 EPS, Q1 2028 earnings at $0.52 EPS and FY2028 earnings at $2.21 EPS.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.17). The business had revenue of $507.32 million for the quarter, compared to analyst estimates of $505.63 million. Red Rock Resorts had a return on equity of 61.67% and a net margin of 9.21%.The company’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 earnings per share.

Several other research analysts have also recently issued reports on RRR. Citigroup lowered their price objective on Red Rock Resorts from $76.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Wells Fargo & Company lowered their price objective on Red Rock Resorts from $59.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $72.00 price objective on shares of Red Rock Resorts in a research report on Thursday, April 30th. Mizuho set a $77.00 target price on Red Rock Resorts in a research report on Wednesday, February 11th. Finally, Morgan Stanley set a $59.00 target price on Red Rock Resorts in a research report on Wednesday, May 6th. Twelve analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.67.

Red Rock Resorts Trading Up 1.8%

NASDAQ:RRR opened at $53.37 on Friday. The stock has a 50-day simple moving average of $55.37 and a 200-day simple moving average of $58.77. The stock has a market cap of $5.61 billion, a P/E ratio of 17.16, a P/E/G ratio of 3.52 and a beta of 1.35. Red Rock Resorts has a 1 year low of $44.28 and a 1 year high of $68.99. The company has a debt-to-equity ratio of 14.42, a quick ratio of 0.76 and a current ratio of 0.81.

Institutional Investors Weigh In On Red Rock Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RRR. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Red Rock Resorts during the 3rd quarter worth approximately $4,961,000. Tudor Investment Corp ET AL acquired a new stake in Red Rock Resorts during the 3rd quarter worth approximately $15,114,000. Cookson Peirce & Co. Inc. acquired a new stake in Red Rock Resorts during the 3rd quarter worth approximately $1,203,000. Capital World Investors lifted its position in Red Rock Resorts by 47.1% during the 3rd quarter. Capital World Investors now owns 312,500 shares of the company’s stock worth $19,081,000 after acquiring an additional 100,000 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Red Rock Resorts by 92.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 180,185 shares of the company’s stock worth $11,002,000 after acquiring an additional 86,770 shares during the period. Hedge funds and other institutional investors own 47.84% of the company’s stock.

Red Rock Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.26 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.04 dividend on an annualized basis and a yield of 1.9%. Red Rock Resorts’s payout ratio is currently 33.44%.

About Red Rock Resorts

Red Rock Resorts, Inc (NASDAQ: RRR) is a publicly traded gaming and hospitality company headquartered in Summerlin, Nevada. The company owns and operates a diversified portfolio of full-service casino resorts and neighborhood gaming properties in the Las Vegas valley. Its core business activities include resort hotel accommodations, casino gaming, food and beverage operations, entertainment and convention services designed to meet the needs of both leisure and business travelers.

The company’s flagship resort, Red Rock Casino Resort & Spa, features a full range of table games, slot machines, a luxury spa, convention space, multiple signature restaurants and live entertainment venues.