Brokers Problem Forecasts for Caesars Leisure, Inc.’s Q3 2023 Earnings (NASDAQ:CZR)

Caesars Leisure, Inc. (NASDAQ:CZRGet Ranking) – Inventory analysts at Jefferies Monetary Group dropped their Q3 2023 earnings estimates for shares of Caesars Leisure in a analysis be aware issued on Wednesday, August third. Jefferies Monetary Group analyst D. Katz now expects that the corporate will publish earnings of $1.04 per share for the quarter, down from their prior forecast of $1.06. The consensus estimate for Caesars Leisure’s present full-year earnings is ($1.50) per share. Jefferies Monetary Group additionally issued estimates for Caesars Leisure’s This fall 2023 earnings at $1.19 EPS, FY2023 earnings at $2.97 EPS and FY2024 earnings at $2.37 EPS.

Numerous different analysis analysts have additionally commented on CZR. B. Riley lowered their value goal on shares of Caesars Leisure from $149.00 to $128.00 and set a “purchase” score for the corporate in a analysis report on Tuesday, June twenty eighth. Susquehanna initiated protection on shares of Caesars Leisure in a analysis report on Wednesday, July twentieth. They set a “impartial” score and a $32.00 value goal for the corporate. Susquehanna Bancshares initiated protection on shares of Caesars Leisure in a analysis report on Wednesday, July twentieth. They issued a “impartial” score and a $32.00 goal value for the corporate. Barclays upped their goal value on shares of Caesars Leisure from $56.00 to $65.00 in a analysis report on Wednesday. Lastly, Stifel Nicolaus lower their goal value on shares of Caesars Leisure from $113.00 to $63.00 in a analysis report on Tuesday, July nineteenth. 5 analysts have rated the inventory with a maintain score and twelve have assigned a purchase score to the corporate. In response to information from MarketBeat, the inventory at the moment has a consensus score of “Reasonable Purchase” and a median value goal of $88.00.

Caesars Leisure Inventory Down 1.1 %

CZR opened at $47.67 on Thursday. The corporate has a fifty day transferring common value of $43.42 and a 200-day transferring common value of $61.76. The agency has a market capitalization of $10.22 billion, a P/E ratio of -6.93 and a beta of two.79. The corporate has a debt-to-equity ratio of 6.82, a present ratio of 1.00 and a fast ratio of 0.99. Caesars Leisure has a one 12 months low of $35.10 and a one 12 months excessive of $119.81.

Caesars Leisure (NASDAQ:CZRGet Ranking) final issued its earnings outcomes on Tuesday, Might third. The corporate reported ($2.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.15) by $0.04. The enterprise had income of $2.29 billion for the quarter, in comparison with analysts’ expectations of $2.35 billion. Caesars Leisure had a adverse web margin of 14.14% and a adverse return on fairness of 19.99%. The enterprise’s income for the quarter was up 34.9% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the earlier 12 months, the agency posted ($2.06) EPS.

Insider Shopping for and Promoting

In associated information, Director Don R. Kornstein bought 2,500 shares of the agency’s inventory in a transaction that occurred on Thursday, June sixteenth. The inventory was purchased at a median value of $38.10 per share, with a complete worth of $95,250.00. Following the completion of the acquisition, the director now immediately owns 34,353 shares within the firm, valued at $1,308,849.30. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which is accessible by way of the SEC web site. In different Caesars Leisure information, Director Don R. Kornstein purchased 4,000 shares of the agency’s inventory in a transaction on Monday, June thirteenth. The inventory was acquired at a median value of $39.60 per share, with a complete worth of $158,400.00. Following the completion of the acquisition, the director now owns 30,853 shares of the corporate’s inventory, valued at $1,221,778.80. The acquisition was disclosed in a doc filed with the SEC, which is accessible at the SEC web site. Additionally, Director Don R. Kornstein purchased 2,500 shares of the agency’s inventory in a transaction on Thursday, June sixteenth. The shares have been acquired at a median value of $38.10 per share, with a complete worth of $95,250.00. Following the acquisition, the director now immediately owns 34,353 shares of the corporate’s inventory, valued at roughly $1,308,849.30. The disclosure for this buy could be discovered right here. 0.55% of the inventory is owned by insiders.

Hedge Funds Weigh In On Caesars Leisure

Institutional buyers and hedge funds have just lately made adjustments to their positions within the enterprise. Sageworth Belief Co of South Dakota purchased a brand new place in shares of Caesars Leisure in the course of the fourth quarter valued at roughly $25,000. Crewe Advisors LLC bought a brand new stake in shares of Caesars Leisure in the course of the second quarter valued at roughly $38,000. FSB Premier Wealth Administration Inc. bought a brand new stake in shares of Caesars Leisure in the course of the fourth quarter valued at roughly $59,000. Allegheny Monetary Group LTD bought a brand new stake in shares of Caesars Leisure in the course of the fourth quarter valued at roughly $70,000. Lastly, Manchester Capital Administration LLC bought a brand new stake in shares of Caesars Leisure in the course of the first quarter valued at roughly $77,000. Institutional buyers personal 94.75% of the corporate’s inventory.

Caesars Leisure Firm Profile

(Get Ranking)

Caesars Leisure, Inc operates as a gaming and hospitality firm in the US. The corporate operates casinos comprising poker, keno, and race and on-line sportsbooks; eating venues, bars, nightclubs, and lounges; accommodations; and leisure venues. It additionally supplies staffing and administration providers; equipment, souvenirs, and ornamental gadgets by way of retail shops; and on-line sports activities betting and iGaming providers.

Additional Studying

Earnings History and Estimates for Caesars Entertainment (NASDAQ:CZR)

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