|
|
|
|
|||||
|
|
|
Caesars reported earnings that missed Wall Street's targets.
Seasonal traffic in Las Vegas has dropped sharply.
Shares of Caesars Entertainment Inc (NASDAQ: CZR) fell on Wednesday, finishing the day down 15.2%. The move came as the S&P 500 was flat and the Nasdaq Composite gained 0.5%.
The casino operator saw its stock plummet today after it reported quarterly earnings that underwhelmed.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
Image source: Getty Images.
Caesars Entertainment reported its third-quarter numbers today, failing to meet Wall Street's targets. The company revealed a loss of $0.27 a share on $2.87 billion in sales, when consensus estimates came in at a per-share loss of $0.09 on $2.89 billion in sales.
Las Vegas has been struggling with seasonal traffic declining, so while Caesars' regional casinos grew their top line, the company's Las Vegas sales fell nearly 10% year over year.
CEO Tom Reeg told investors that there "has been softness in leisure demand for Las Vegas in the summer months" and that "it was a difficult summer."
The decline in Las Vegas traffic and Caesars' poor performance stands in contrast to the explosion in gaming at large. While Caesars focuses on its brick-and-mortar casinos, many gamblers today prefer to place their bets online. I don't think this trend is reversing anytime soon and would avoid the stock.
Before you buy stock in Caesars Entertainment, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Caesars Entertainment wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $594,569!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,232,286!*
Now, it’s worth noting Stock Advisor’s total average return is 1,065% — a market-crushing outperformance compared to 196% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
*Stock Advisor returns as of October 27, 2025
Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
| Oct-30 | |
| Oct-30 | |
| Oct-30 | |
| Oct-29 | |
| Oct-29 | |
| Oct-29 | |
| Oct-29 | |
| Oct-29 | |
| Oct-29 | |
| Oct-28 | |
| Oct-28 |
Caesars Entertainment Third-Quarter Loss Widens as Las Vegas Revenue Declines
CZR
The Wall Street Journal
|
| Oct-28 | |
| Oct-28 | |
| Oct-28 | |
| Oct-28 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Learn more about FINVIZ*Elite