Red Rock Earnings Estimate
| RRR Stock | USD 49.52 1.79 3.75% |
Red Rock Revenue Breakdown by Earning Segment
By analyzing Red Rock's earnings estimates, investors can diagnose different trends across Red Rock's analyst sentiment over time as well as compare current estimates against different timeframes. As of 01/30/2025, Pretax Profit Margin is likely to grow to 0.21, while Gross Profit is likely to drop slightly above 936.1 M.
Red |
Red Rock Earnings Estimation Breakdown
The calculation of Red Rock's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Red Rock is estimated to be 0.373025 with the future projection ranging from a low of 0.35175 to a high of 0.427525. Please be aware that this consensus of annual earnings estimates for Red Rock Resorts is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
0.35 Lowest | Expected EPS | 0.43 Highest |
Red Rock Earnings Projection Consensus
Suppose the current estimates of Red Rock's value are higher than the current market price of the Red Rock stock. In this case, investors may conclude that Red Rock is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Red Rock's stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of December 2024 | Current EPS (TTM) | |
| 14 | 65.58% | 0.37 | 0.373025 | 2.72 |
Red Rock Earnings History
Earnings estimate consensus by Red Rock Resorts analysts from Wall Street is used by the market to judge Red Rock's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Red Rock's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.Red Rock Quarterly Gross Profit |
|
Red Rock Earnings per Share Projection vs Actual
Actual Earning per Share of Red Rock refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Red Rock Resorts predict the company's earnings will be in the future. The higher the earnings per share of Red Rock, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Red Rock Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Red Rock, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Red Rock should always be considered in relation to other companies to make a more educated investment decision.Red Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Red Rock's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-11-07 | 2024-09-30 | 0.52 | 0.37 | -0.15 | 28 | ||
2024-07-23 | 2024-06-30 | 0.64 | 0.62 | -0.02 | 3 | ||
2024-05-07 | 2024-03-31 | 0.66 | 0.68 | 0.02 | 3 | ||
2024-02-07 | 2023-12-31 | 0.52 | 0.95 | 0.43 | 82 | ||
2023-11-07 | 2023-09-30 | 0.48 | 0.6 | 0.12 | 25 | ||
2023-08-03 | 2023-06-30 | 0.63 | 0.65 | 0.02 | 3 | ||
2023-05-04 | 2023-03-31 | 0.53 | 0.75 | 0.22 | 41 | ||
2023-02-07 | 2022-12-31 | 0.59 | 1.49 | 0.9 | 152 | ||
2022-10-27 | 2022-09-30 | 0.5 | 0.48 | -0.02 | 4 | ||
2022-08-09 | 2022-06-30 | 0.6 | 0.26 | -0.34 | 56 | ||
2022-05-03 | 2022-03-31 | 0.66 | 0.77 | 0.11 | 16 | ||
2022-02-02 | 2021-12-31 | 0.68 | 1.66 | 0.98 | 144 | ||
2021-11-02 | 2021-09-30 | 0.82 | 0.93 | 0.11 | 13 | ||
2021-07-28 | 2021-06-30 | 0.39 | 1.12 | 0.73 | 187 | ||
2021-05-04 | 2021-03-31 | 0.27 | 1.48 | 1.21 | 448 | ||
2021-02-09 | 2020-12-31 | 0.3 | 0.39 | 0.09 | 30 | ||
2020-10-27 | 2020-09-30 | 0.08 | 0.56 | 0.48 | 600 | ||
2020-08-04 | 2020-06-30 | -1.11 | -1.01 | 0.1 | 9 | ||
2020-05-19 | 2020-03-31 | 0.2 | -2.18 | -2.38 | 1190 | ||
2020-02-04 | 2019-12-31 | 0.24 | 0.05 | -0.19 | 79 | ||
2019-11-05 | 2019-09-30 | 0.16 | -0.23 | -0.39 | 243 | ||
2019-08-06 | 2019-06-30 | 0.27 | -0.06 | -0.33 | 122 | ||
2019-04-30 | 2019-03-31 | 0.35 | 0.16 | -0.19 | 54 | ||
2019-02-12 | 2018-12-31 | 0.29 | 0.11 | -0.18 | 62 | ||
2018-11-07 | 2018-09-30 | 0.24 | 0.2 | -0.04 | 16 | ||
2018-07-31 | 2018-06-30 | 0.25 | 0.71 | 0.46 | 184 | ||
2018-05-01 | 2018-03-31 | 0.34 | 0.19 | -0.15 | 44 | ||
2018-02-27 | 2017-12-31 | 0.27 | 0.27 | 0.0 | 0 | ||
2017-11-07 | 2017-09-30 | 0.19 | 0.19 | 0.0 | 0 | ||
2017-08-08 | 2017-06-30 | 0.27 | 0.53 | 0.26 | 96 | ||
2017-05-04 | 2017-03-31 | 0.35 | 0.3 | -0.05 | 14 | ||
2017-03-07 | 2016-12-31 | 0.35 | 0.37 | 0.02 | 5 | ||
2016-11-07 | 2016-09-30 | 0.25 | 0.2 | -0.05 | 20 | ||
2016-08-15 | 2016-06-30 | 0.37 | 0.01 | -0.36 | 97 | ||
2016-05-12 | 2016-03-31 | 0.33 | 0.01 | -0.32 | 96 |
About Red Rock Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Red Rock earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Red Rock estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Red Rock fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.| Last Reported | Projected for Next Year | ||
| Retained Earnings | 185 M | 194.3 M | |
| Retained Earnings Total Equity | 38.9 M | 38.6 M | |
| Earnings Yield | 0.05 | 0.04 | |
| Price Earnings Ratio | 20.17 | 21.18 | |
| Price Earnings To Growth Ratio | (0.76) | (0.72) |
Pair Trading with Red Rock
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Red Rock position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Red Rock will appreciate offsetting losses from the drop in the long position's value.Moving together with Red Stock
Moving against Red Stock
The ability to find closely correlated positions to Red Rock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Red Rock when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Red Rock - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Red Rock Resorts to buy it.
The correlation of Red Rock is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Red Rock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Red Rock Resorts moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Red Rock can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Red Stock Analysis
When running Red Rock's price analysis, check to measure Red Rock's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Red Rock is operating at the current time. Most of Red Rock's value examination focuses on studying past and present price action to predict the probability of Red Rock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Rock's price. Additionally, you may evaluate how the addition of Red Rock to your portfolios can decrease your overall portfolio volatility.