On Tuesday, August 03, Caesars Entertainment CZR will release its latest earnings report. Benzinga's outlook for Caesars Entertainment is included in the following report.
Net Income, Earnings, And Earnings Per Share
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Wall Street expects an EPS loss of $0.26 and sales around $2.27 billion. In the same quarter last year, Caesars Entertainment posted a loss of $1.25 per share on sales of $126.47 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
The Wall Street consensus estimate for earnings would represent a 79.2% increase for the company. Sales would be have grown 1694.89% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | -1.83 | -1.76 | -2.15 | -2.28 |
| EPS Actual | -2.06 | -1.92 | -4.95 | -1.25 |
| Revenue Estimate | 1.70 B | 1.72 B | 1.69 B | 109.20 M |
| Revenue Actual | 1.70 B | 1.50 B | 1.38 B | 126.47 M |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Shares of Caesars Entertainment were trading at $87.36 as of July 30. Over the last 52-week period, shares are up 165.9%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Caesars Entertainment is scheduled to hold the call at 17:00:00 ET and can be accessed here.
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