Equities analysts forecast that Caesars Entertainment Corporation (NASDAQ:CZR) will announce sales of $2.14 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Caesars Entertainment Corporation’s earnings. The highest sales estimate is $2.16 billion and the lowest is $2.10 billion. Caesars Entertainment Corporation reported sales of $986.00 million during the same quarter last year, which suggests a positive year over year growth rate of 117%. The company is expected to announce its next earnings results on Monday, November 6th.

According to Zacks, analysts expect that Caesars Entertainment Corporation will report full year sales of $2.14 billion for the current fiscal year, with estimates ranging from $8.39 billion to $8.42 billion. For the next fiscal year, analysts forecast that the business will report sales of $8.60 billion per share, with estimates ranging from $8.41 billion to $8.72 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Caesars Entertainment Corporation.

Caesars Entertainment Corporation (NASDAQ:CZR) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.47). The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $2.11 billion.

Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. ValuEngine cut shares of Caesars Entertainment Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. BidaskClub upgraded shares of Caesars Entertainment Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Imperial Capital assumed coverage on shares of Caesars Entertainment Corporation in a research report on Wednesday, July 19th. They issued an “outperform” rating and a $15.50 price objective for the company. Finally, Nomura assumed coverage on shares of Caesars Entertainment Corporation in a research report on Friday, October 6th. They issued a “neutral” rating and a $14.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. Caesars Entertainment Corporation currently has an average rating of “Hold” and an average target price of $14.39.

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Large investors have recently modified their holdings of the company. Shapiro Capital Management LLC acquired a new position in Caesars Entertainment Corporation during the second quarter valued at approximately $51,714,000. Capital Research Global Investors grew its holdings in Caesars Entertainment Corporation by 61.1% during the second quarter. Capital Research Global Investors now owns 5,639,686 shares of the company’s stock valued at $67,676,000 after purchasing an additional 2,139,086 shares during the period. Eagle Asset Management Inc. acquired a new position in Caesars Entertainment Corporation during the second quarter valued at approximately $18,119,000. Nicholas Investment Partners LP acquired a new position in Caesars Entertainment Corporation during the second quarter valued at approximately $18,000,000. Finally, FMR LLC acquired a new position in Caesars Entertainment Corporation during the second quarter valued at approximately $13,715,000. Institutional investors own 76.68% of the company’s stock.

Caesars Entertainment Corporation (NASDAQ:CZR) opened at 12.35 on Wednesday. Caesars Entertainment Corporation has a 12-month low of $6.70 and a 12-month high of $13.60. The company’s market capitalization is $1.84 billion. The stock has a 50 day moving average of $12.14 and a 200 day moving average of $11.63.

Caesars Entertainment Corporation Company Profile

Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options.

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