Zacks: Analysts Expect Caesars Entertainment Co. (CZR) to Announce -$0.11 EPS

Analysts forecast that Caesars Entertainment Co. (NASDAQ:CZR) will report earnings of ($0.11) per share for the current quarter, according to Zacks. Five analysts have issued estimates for Caesars Entertainment’s earnings, with estimates ranging from ($0.24) to $0.02. Caesars Entertainment reported earnings of $0.14 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 178.6%. The company is expected to announce its next earnings results on Wednesday, March 6th.

According to Zacks, analysts expect that Caesars Entertainment will report full year earnings of $0.06 per share for the current financial year, with EPS estimates ranging from $0.01 to $0.14. For the next fiscal year, analysts expect that the business will post earnings of ($0.09) per share, with EPS estimates ranging from ($0.46) to $0.51. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Caesars Entertainment.

Several equities research analysts recently commented on CZR shares. Zacks Investment Research raised Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Monday, October 8th. BidaskClub raised Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, November 3rd. Deutsche Bank started coverage on Caesars Entertainment in a report on Tuesday, September 4th. They issued a “buy” rating and a $14.00 price target for the company. UBS Group started coverage on Caesars Entertainment in a report on Monday, September 24th. They issued a “sell” rating and a $9.00 price target for the company. Finally, Oppenheimer set a $15.00 price target on Caesars Entertainment and gave the company a “buy” rating in a report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $13.10.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CZR. Dimensional Fund Advisors LP boosted its position in shares of Caesars Entertainment by 584.6% during the first quarter. Dimensional Fund Advisors LP now owns 267,697 shares of the company’s stock worth $3,012,000 after buying an additional 228,593 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Caesars Entertainment during the first quarter worth $469,000. State of Alaska Department of Revenue purchased a new position in shares of Caesars Entertainment during the second quarter worth $655,000. Selz Capital LLC boosted its position in shares of Caesars Entertainment by 46.5% during the second quarter. Selz Capital LLC now owns 3,110,483 shares of the company’s stock worth $33,282,000 after buying an additional 987,298 shares during the period. Finally, Pendal Group Ltd purchased a new position in shares of Caesars Entertainment during the second quarter worth $1,235,000.

Shares of NASDAQ:CZR traded down $0.50 during midday trading on Friday, hitting $8.51. The company had a trading volume of 20,951,813 shares, compared to its average volume of 13,714,215. Caesars Entertainment has a twelve month low of $7.95 and a twelve month high of $14.50. The company has a debt-to-equity ratio of 5.93, a quick ratio of 1.96 and a current ratio of 1.16. The stock has a market cap of $6.30 billion, a PE ratio of -2.53, a P/E/G ratio of 14.70 and a beta of 0.81.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 36,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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Earnings History and Estimates for Caesars Entertainment (NASDAQ:CZR)

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