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Caesars Entertainment CZR is one of the largest gaming and hospitality companies in the US.
CZR stock has tanked off its post Covid-boom highs as its earnings outlook fades. Caesars Entertainment’s recent downward earnings revisions earn it a Zacks Rank #5 (Strong Sell).
Caesars Entertainment is a gaming and hospitality powerhouse. It owns, operates, and manages dozens of casinos, hotels, and resorts across the U.S., primarily under brands such as Caesars, Harrah's, Horseshoe, and Eldorado.
The company generates revenue from casino gaming (slots, table games, poker), hotel rooms, food and beverage services, live entertainment, conventions, and increasingly from online sports betting and iGaming through its digital segment.
The current company was formed when Eldorado Resorts completed its acquisition of Caesars Entertainment in July 2020, creating what it called the largest casino and entertainment company in the U.S.
Company revenue has stagnated in the last few years as the Las Vegas giant deals with headwinds hitting the entire city. CZR’s earnings have been crushed as well.
Most recently, Caesars Entertainment posted an adjusted Q3 loss of -$0.27 a share, falling way short of our estimate for the third period in a row. It offered downbeat guidance again, citing setbacks such as “lower citywide visitation and poor table games hold” in Las Vegas and more.
Caesars Entertainment's adjusted earnings estimates have fallen off a cliff during the last several years, with its FY26 estimate down 25% in the last few months.
Plus, its most accurate estimates came in 43% below its beaten-down consensus. This backdrop earns CZR a Zacks Rank #5 (Strong Sell) right now, signaling that investors likely want to stay away from the stock for the time being.
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This article originally published on Zacks Investment Research (zacks.com).
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