Caesars Entertainment Inc reports results for the quarter ended September 30 - Earnings Summary

• Caesars Entertainment Inc reported a quarterly adjusted loss of 61 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -27 cents. The mean expectation of sixteen analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -47 cents to 23 cents per share.

• Revenue rose 2.5% to $2.94 billion from a year ago; analysts expected $2.96 billion.

• Caesars Entertainment Inc's reported EPS for the quarter was a loss of 61 cents​.

• The company reported a quarterly loss of $123 million.

• Caesars Entertainment Inc shares had fallen by 2.2% this quarter and gained 23.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 154.1% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 15 "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 Caesars Entertainment Inc is $31.00, about 6.5% above its last closing price of $28.99

This summary was machine generated from LSEG data October 27 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)