Red Rock Resorts, Inc. RRR reported first-quarter 2025 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and bottom lines increased on a year-over-year basis.

RRR’s Q1 Earnings & Revenues

In the quarter under review, adjusted earnings per share (EPS) came in at 80 cents, outpacing the Zacks Consensus Estimate of 47 cents. In the prior-year quarter, it recorded an adjusted EPS of 68 cents. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)

Quarterly revenues of $497.9 million surpassed the consensus mark of $494 million by 0.8%. The top line rose 1.8% on a year-over-year basis. Strong performance of Durango Casino & Resort, solid customer engagement and robust spend per visit aided the company’s performance.

Red Rock Resorts, Inc. Price, Consensus and EPS Surprise

Red Rock Resorts, Inc. price-consensus-eps-surprise-chart | Red Rock Resorts, Inc. Quote

Las Vegas Operations

During the first quarter of 2025, revenues from Las Vegas operations totaled $495 million, up 1.9% from $485.6 million reported in the prior-year quarter. Our projection was $491.5 million.

The segment's adjusted EBITDA was $235.9 million, up 2.7% year over year. Our estimate for the metric was $177.8 million.

Operating Highlights

During the first quarter, selling, general and administrative expenses were $104.7 million, compared with $104.8 million reported in the prior-year quarter. Our model estimated the metric at $120.3 million.

Net income during the quarter came in at $86 million, compared with $78.4 million reported in the prior-year quarter. Our model estimated the metric at $46.5 million.

Adjusted EBITDA in the first quarter came in at $215.1 million compared with $209.1 million reported in the prior-year quarter. Our model estimated the metric at $160.9 million.

Other Financial Details

As of March 31, 2025, RRR had cash and cash equivalents of $150.6 million compared with $164.4 million as of Dec. 31, 2024. Outstanding debt at the first-quarter end was $3.4 billion, flat sequentially.

RRR’s Zacks Rank

Red Rock Resorts currently carries a Zacks Rank #3 (Hold).

Stocks to Consider

Some better-ranked stocks from the Zacks Consumer Discretionary sector are TEGNA Inc. TGNA, Bally's Corporation BALY and American Outdoor Brands, Inc. AOUT.
 
TEGNA presently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
 
TEGNA delivered a trailing four-quarter earnings surprise of 6.3%, on average. The stock has gained 13.4% in the past year. The consensus estimate for TGNA’s 2026 sales and EPS implies growth of 11.3% and 93.8%, respectively, from the year-ago levels.
 
Bally's presently sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of negative 166.2%, on average. The stock has declined 18.3% in the past year.
 
The consensus estimate for Bally's 2025 sales and EPS implies growth of 4.4% and 76.3%, respectively, from the year-ago levels.
 
American Outdoor carries a Zacks Rank #2 (Buy) at present. The company delivered a trailing four-quarter earnings surprise of 79.6%, on average. The stock has gained 33.7% in the past year.
 
The Zacks Consensus Estimate for American Outdoor’s fiscal 2025 sales and EPS indicates growth of 3.7% and 93.8%, respectively, from the year-ago levels.

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TEGNA Inc. (TGNA) : Free Stock Analysis Report

Red Rock Resorts, Inc. (RRR) : Free Stock Analysis Report

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This article originally published on Zacks Investment Research (zacks.com).

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