Bally’s Corporation (NYSE:BALY) will report earnings after market close. Last quarter, it beat revenue expectations by 1%, reaching $657.5 million, up 5.8% year on year. Analysts anticipate a 6.1% revenue increase to $668.5 million this quarter, with an expected adjusted loss per share of -$0.83.
Analysts covering Bally’s have maintained their estimates, suggesting stability. Bally’s has missed revenue estimates six times in the last two years. Peers like Boyd Gaming and Red Rock Resorts reported mixed results, impacting their stock prices.
Investors in the casino operator segment have seen flat share prices. Bally’s is up 41.6% in the past month with an average analyst price target of $11.50. The company is heading into earnings with high expectations.
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Read more at Yahoo Finance: Bally’s (BALY) Q3 Earnings: What To Expect
