Caesars Entertainment Corp Sets New 52-Week Low After Earnings Miss (CZR)
Caesars Entertainment Corp (NYSE:CZR) shares reached a new 52-week low during trading on Tuesday following a dissappointing earnings announcement, AnalystRatingsNetwork reports. The company traded as low as $12.00 and last traded at $12.00, with a volume of 2,501,999 shares trading hands. The stock had previously closed at $13.67.
The company reported ($3.24) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($1.19) by $2.05. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the company posted ($1.69) earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis.
The stock has a 50-day moving average of $16.5 and a 200-day moving average of $19.58. The company’s market cap is $1.710 billion.
Caesars Entertainment Corporation is a diversified casino-entertainment provider. The Company’s business is primarily conducted through a wholly owned subsidiary, Caesars Entertainment Operating Company, Inc (NYSE:CZR), although certain material properties are not owned by CEOC.
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