Zacks Research Predicts Weaker Earnings for Red Rock Resorts

Red Rock Resorts, Inc. (NASDAQ:RRR) – Stock analysts at Zacks Research cut their Q1 2026 EPS estimates for Red Rock Resorts in a research note issued to investors on Monday, March 2nd. Zacks Research analyst Team now forecasts that the company will earn $0.49 per share for the quarter, down from their previous forecast of $0.51. The consensus estimate for Red Rock Resorts’ current full-year earnings is $1.76 per share. Zacks Research also issued estimates for Red Rock Resorts’ Q2 2026 earnings at $0.44 EPS, Q3 2026 earnings at $0.40 EPS, Q4 2026 earnings at $0.47 EPS, FY2026 earnings at $1.80 EPS, Q1 2027 earnings at $0.49 EPS and Q2 2027 earnings at $0.48 EPS.

A number of other equities research analysts also recently weighed in on the company. Morgan Stanley set a $62.00 price target on Red Rock Resorts in a report on Thursday, February 12th. Truist Financial reissued a “buy” rating and set a $80.00 target price (up from $75.00) on shares of Red Rock Resorts in a report on Wednesday, February 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $79.00 price target on shares of Red Rock Resorts in a report on Wednesday, February 11th. Citizens Jmp boosted their price objective on shares of Red Rock Resorts from $65.00 to $68.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 14th. Finally, Mizuho set a $77.00 price objective on shares of Red Rock Resorts in a research note on Wednesday, February 11th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.15.

Red Rock Resorts Stock Down 0.3%

Shares of Red Rock Resorts stock opened at $59.80 on Wednesday. The business has a 50-day moving average price of $62.52 and a 200 day moving average price of $60.43. Red Rock Resorts has a fifty-two week low of $35.09 and a fifty-two week high of $68.99. The firm has a market cap of $6.28 billion, a P/E ratio of 19.11, a P/E/G ratio of 2.49 and a beta of 1.46. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 10.26.

Red Rock Resorts (NASDAQ:RRR) last released its earnings results on Tuesday, February 10th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.34. Red Rock Resorts had a net margin of 9.35% and a return on equity of 58.13%. The company had revenue of $511.78 million during the quarter, compared to the consensus estimate of $500.90 million. During the same quarter in the previous year, the firm earned $0.76 EPS. The company’s revenue was up 3.2% on a year-over-year basis.

Red Rock Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, March 16th. Red Rock Resorts’s dividend payout ratio is 33.23%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RRR. Pacer Advisors Inc. bought a new stake in shares of Red Rock Resorts during the fourth quarter valued at about $201,000. T. Rowe Price Investment Management Inc. raised its position in shares of Red Rock Resorts by 2.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 323,267 shares of the company’s stock worth $20,027,000 after buying an additional 6,464 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Red Rock Resorts by 345.6% in the 4th quarter. Invesco Ltd. now owns 1,054,086 shares of the company’s stock worth $65,301,000 after acquiring an additional 817,524 shares during the period. State of Tennessee Department of Treasury boosted its holdings in shares of Red Rock Resorts by 1,374.9% in the fourth quarter. State of Tennessee Department of Treasury now owns 33,732 shares of the company’s stock valued at $2,130,000 after acquiring an additional 31,445 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Red Rock Resorts by 7.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,207,404 shares of the company’s stock valued at $74,799,000 after acquiring an additional 82,849 shares during the period. Institutional investors and hedge funds own 47.84% of the company’s stock.

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.