Gaming, betting and entertainment company Bally’s Corporation (NYSE:BALY) will be announcing earnings results tomorrow after market close. Here’s what to look for.
Bally’s missed analysts’ revenue expectations by 3.7% last quarter, reporting revenues of $630 million, flat year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income estimates.
Is Bally’s a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Bally’s revenue to decline 3.3% year on year to $591.3 million, a reversal from the 6.1% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.53 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Bally’s peers in the casino operator segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Monarch delivered year-on-year revenue growth of 4.9%, beating analysts’ expectations by 4.4%, and Wynn Resorts reported flat revenue, topping estimates by 2.8%. Monarch traded up 8% following the results while Wynn Resorts was also up 10.4%.
Read our full analysis of Monarch’s results here and Wynn Resorts’s results here.
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