Caesars Entertainment reported a second-quarter loss of $0.30 per share, missing the Zacks Consensus Estimate of $0.04 and marking an earnings surprise of negative 850 percent. Revenue came in at $2.99 billion, topping the consensus by 1.09 percent and up from $2.91 billion a year earlier. The company has now missed EPS estimates for four straight quarters but has beaten revenue estimates three times over that span. Shares have gained about 28.1 percent year to date, outpacing the S&P 500's 8.3 percent advance. The current Zacks Rank for the stock is 2, or Buy, with consensus estimates for the coming quarter at a loss of $0.04 per share on $2.98 billion in revenue.
Caesars Entertainment CorporationReported Q2 loss of $0.30 per share, missing consensus estimate of $0.04, with negative earnings surprise of 850%.
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