Overview
Casino operator's Q4 revenue rose 3.2%, beating analyst expectations
Adjusted EBITDA for Q4 increased 5.4%, beating analyst expectations
Company declared a special dividend of $1.00 per share
Outlook
Company did not provide specific guidance for future quarters or full year in press release
Result Drivers
LAS VEGAS OPERATIONS - Revenue from Las Vegas operations increased by 2.5%, contributing significantly to overall revenue growth
NATIVE AMERICAN FEES - Revenue from Native American activities was $3.7 mln, attributed to development fees
ADJUSTED EBITDA GROWTH - Adjusted EBITDA increased by 5.4%, driven by improved performance in Las Vegas operations
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $511.78 mln | $502.60 mln (14 Analysts) |
Q4 Net Income | $84.59 mln | ||
Q4 Adjusted EBITDA | Beat | $213.30 mln | $206.10 mln (14 Analysts) |
Q4 EBIT | $143.56 mln | ||
Q4 Pretax Profit | $95.88 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the casinos & gaming peer group is "buy"
Wall Street's median 12-month price target for Red Rock Resorts Inc is $69.00, about 5.3% above its February 9 closing price of $65.51
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 21 three months ago
Press Release: ID:nPn38nXvfa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)