
Caesars Entertainment (CZR) Stock Forecast & Price Target
Caesars Entertainment (CZR) Analyst Ratings
Bulls say
Caesars Entertainment demonstrated a notable 6% year-over-year growth in regional net revenue, with EBITDA reaching $517 million, which surpassed both management and Street estimates, indicating strong operational performance. The company is positioned to enhance its marketing efficiency, alongside improving margins, which is expected to further bolster profitability in upcoming quarters. Additionally, the iGaming segment showcased impressive growth, with online casino revenues increasing by 29% year-over-year in the third quarter, contributing to an overall strong performance driven by consumer demand for leisure and gaming experiences.
Bears say
Caesars Entertainment's financial outlook is negatively impacted by declining performance in several key areas, including a 150bps year-over-year decrease in margins within the regional segment, despite a 2% increase in adjusted EBITDA. The digital segment exhibited a staggering almost 50% drop in EBITDA due to numerous challenges, and the company continues to struggle with overall gaming revenues as notable shortfalls from poor hold and increased player acquisition costs have weighed on results. Additionally, the Las Vegas Strip experienced a softer market with occupancy and average daily rates decreasing by 5% and 6% year-over-year, respectively, driven by lackluster demand and a weak events calendar during the summer months.
This aggregate rating is based on analysts' research of Caesars Entertainment and is not a guaranteed prediction by Public.com or investment advice.
Caesars Entertainment (CZR) Analyst Forecast & Price Prediction
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