Caesars Entertainment Corporation (CZR) Issues Quarterly Earnings Results, Misses Expectations By $3.28 EPS
Caesars Entertainment Corporation (NASDAQ:CZR) released its quarterly earnings results on Wednesday. The company reported ($3.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($3.28), Briefing.com reports. The company had revenue of $986.00 million during the quarter, compared to analyst estimates of $2.13 billion. The firm’s revenue was up .0% compared to the same quarter last year.
Several analysts recently weighed in on CZR shares. BidaskClub cut Caesars Entertainment Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research raised Caesars Entertainment Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Friday, September 8th. Imperial Capital started coverage on Caesars Entertainment Corporation in a report on Wednesday, July 19th. They set an “outperform” rating and a $15.50 price target for the company. SunTrust Banks, Inc. started coverage on Caesars Entertainment Corporation in a report on Friday, September 15th. They set a “buy” rating and a $14.00 price target for the company. Finally, ValuEngine raised Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Caesars Entertainment Corporation currently has an average rating of “Hold” and a consensus target price of $14.39.
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Caesars Entertainment Corporation Company Profile
Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.
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