Red Rock Resorts (RRR) Company Overview

Red Rock Resorts (RRR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Red Rock Resorts' new Durango property is performing well, despite some cannibalization from nearby properties. The $1 billion land bank value isn't fully reflected in RRR's current stock price. RRR's management is highly regarded, but Quant ratings suggest a Sell due to growth concerns.

Red Rock Resorts, Inc. (NASDAQ:RRR ) Q3 2024 Earnings Conference Call November 7, 2024 6:00 PM ET Company Participants Stephen Cootey - Chief Financial Officer, Executive Vice President and Treasurer Scott Kreeger - President Lorenzo Fertitta - Vice Chairman, Board Conference Call Participants Joseph Greff - JPMorgan Carlo Santarelli - Deutsche Bank Steve Wieczynski - Stifel David Katz - Jefferies Stephen Grambling - Morgan Stanley Barry Jonas - Truist Securities Brandt Montour - Barclays John DeCree - CBRE Daniel Politzer - Wells Fargo Operator Good afternoon and welcome to Red Rock Resorts Third Quarter 2024 Conference Call. All participants will be in a listen-only mode.

LAS VEGAS , Nov. 7, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ: RRR) today reported financial results for the third quarter ended September 30, 2024. Third Quarter Results Consolidated Operations Net revenues were $468.0 million for the third quarter of 2024, an increase of 13.7%, or $56.4 million, from $411.6 million in the same period of 2023.

LAS VEGAS , Oct. 25, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ: RRR) announced today that it will release the Company's financial results for the third quarter 2024 on Thursday, November 7, 2024 and will hold a conference call on the same day at 6:00 p.m. ET (3:00 p.m.

In the past three months, Red Rock Resorts, Inc. RRR shares have gained 14.9%, underperforming the Zacks Gaming industry while riding above the Zacks Consumer Discretionary sector and the S&P 500 Index. During the same time frame, the industry, the sector and the S&P 500 Index grew 17.3%, 4.7% and 6.3%, respectively.

Red Rock Resorts, Inc. shares reached new highs in April 2024 and have shown a bullish trend since the pandemic lows in March 2020. Despite deteriorating Factors and Dividend Grades, Red Rock Resorts continues to outperform leading casino operators and reward investors. Union issues have not stopped Red Rock Resorts' upward trajectory, with the company facing labor disputes but still showing strong performance in the sector.

The headline numbers for Red Rock Resorts (RRR) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Red Rock Resorts (RRR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.