Earnings To Watch Ballys Corp Reports Q3 2024 Result

BALY Stock  USD 17.77  0.04  0.23%   
Slightly above 54% of Ballys Corp's investors are presently thinking to get in. The analysis of the overall prospects from investing in Ballys Corp suggests that some traders are, at the present time, interested. Ballys Corp's investing sentiment can be driven by a variety of factors including economic data, Ballys Corp's earnings reports, geopolitical events, and overall market trends.
  
Ballys Corp is set to release its Q3 2024 earnings on Nov 6, 2024. The consensus estimate for Q3 2024 revenue is 656.12 million, and the earnings are expected to come in at -0.12 per share. The full year 2024s revenue is expected to be 2.53 billion and the earnings are expected to be -5.48 per share.

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Ballys Corp Current Investor Sentiment

Panic Vs Confidence

54

 
Panic
 
Confidence
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Ballys Corp's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Ballys Corp.

Ballys Corp Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Ballys Corp can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Ballys Corp Fundamental Analysis

We analyze Ballys Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ballys Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ballys Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

EBITDA

EBITDA Comparative Analysis

Ballys Corp is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.

Ballys Corp Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ballys Corp stock to make a market-neutral strategy. Peer analysis of Ballys Corp could also be used in its relative valuation, which is a method of valuing Ballys Corp by comparing valuation metrics with similar companies.

Peers

Ballys Corp Related Equities

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MLCOMelco Resorts   2.02   
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MCRIMonarch Casino   1.69   
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CNTYCentury Casinos   1.37   
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MGMMGM Resorts   1.35   
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FLLFull House   1.03   
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GDENGolden Entertainment   0.35   
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RRRRed Rock   0.71   
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MSCStudio City   5.00   
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Additional Tools for Ballys Stock Analysis

When running Ballys Corp's price analysis, check to measure Ballys Corp'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 Ballys Corp is operating at the current time. Most of Ballys Corp's value examination focuses on studying past and present price action to predict the probability of Ballys Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ballys Corp's price. Additionally, you may evaluate how the addition of Ballys Corp to your portfolios can decrease your overall portfolio volatility.