Alert: New Earnings Report (4/30/24)-Caesars Entertainment Inc (NASDAQ: CZR).

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Caesars Entertainment Inc (NASDAQ: CZR) has reported a loss for its first fiscal quarter (ending March 31) of $-0.73 versus a loss $-0.63 for the same period a year ago. This result fell short of the consensus estimate of $0.41 by $-1.14. For the latest four quarters through March 31, E.P.S. were $3.54 compared to $-0.93 a year ago.

Recent Price Action

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Caesars Entertainment Inc (NASDAQ: CZR) stock declined by -4.7% on 4/30/24. The shares closed at $35.82. Moreover, trading volume in this decline was exceptionally high at 223% of normal. Relative to the market the stock has been weak over the last nine months and has declined -6.8% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, CZR is expected to continue to be an important Value Builder.

Caesars Entertainment has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Caesars Entertainment has a neutral Appreciation Score of 46 but a poor Power Rating of 30, and the Negative Value Trend Rating results.

Rating Review

In light of this new information and negative market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.

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