
Bally's (BALY) Stock Forecast & Price Target
Bally's (BALY) Analyst Ratings
Bulls say
Bally's Corporation reported a 12% year-over-year revenue growth in the third quarter, excluding revenue from its divested Asia business, with North America Interactive revenues rising 13% year-over-year, bolstered by strong iGaming performance. The company's performance in its Casinos and Resorts segment also reflected a positive trajectory, with EBITDAR increasing by 7% year-over-year, attributed to market share gains in competitive regions. Furthermore, International Interactive EBITDA grew 2% year-over-year, with significant margin expansion, indicating operational efficiency and resilience amid regulatory changes.
Bears say
Bally's Corporation experienced a decline in International Interactive revenues, falling 7% year-over-year, which, although better than expectations when normalized for the sale of its Asia operations, still reflects underlying challenges within the segment. The adjusted net income for the quarter turned negative, influenced by several operational headwinds, including bridgework at TR Lincoln, the loss of VIP hosts at Bally's Atlantic City, and a slower-than-anticipated ramp-up at the Chicago temporary facility. Additionally, the company's EBITDAR of $107.9 million was below both the financial model and consensus estimates, highlighting concerns about overvaluation relative to peers, significant net leverage, and low trading liquidity which may exacerbate volatility in the near term.
This aggregate rating is based on analysts' research of Bally's and is not a guaranteed prediction by Public.com or investment advice.
Bally's (BALY) Analyst Forecast & Price Prediction
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