Caesars Entertainment Corporation (CZR) Set to Announce Earnings on Wednesday
Caesars Entertainment Corporation (NASDAQ:CZR) will be releasing its earnings data after the market closes on Wednesday, November 1st. Analysts expect Caesars Entertainment Corporation to post earnings of $0.14 per share for the quarter.
Caesars Entertainment Corporation (NASDAQ:CZR) last released its quarterly earnings results on Thursday, August 3rd. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.47). The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $2.11 billion. On average, analysts expect Caesars Entertainment Corporation to post $-0.12 EPS for the current fiscal year and $0.67 EPS for the next fiscal year.
Caesars Entertainment Corporation (NASDAQ:CZR) opened at 12.30 on Friday. The stock’s 50 day moving average is $12.37 and its 200-day moving average is $11.83. Caesars Entertainment Corporation has a 52-week low of $6.70 and a 52-week high of $13.60. The stock’s market capitalization is $1.83 billion.
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CZR has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Caesars Entertainment Corporation from a “buy” rating to a “hold” 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. ValuEngine upgraded shares of Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Instinet initiated coverage on shares of Caesars Entertainment Corporation in a research report on Friday, October 6th. They set a “neutral” rating and a $14.00 price objective on the stock. Finally, SunTrust Banks, Inc. initiated coverage on shares of Caesars Entertainment Corporation in a research report on Friday, September 15th. They set a “buy” rating and a $14.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $14.39.
About Caesars Entertainment Corporation
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 resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.
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