Caesars Entertainment will report its second-quarter earnings after the market closes on Tuesday. The company beat revenue expectations last quarter with $2.87 billion, up 2.7% year on year, but missed analysts' EPS and EBITDA estimates. For this quarter, the market expects revenue growth of 2.3% year on year, in line with the 2.7% increase recorded in the same quarter last year. Analysts have generally reconfirmed their estimates over the last 30 days, though Caesars has missed Wall Street revenue estimates multiple times over the last two years. Peers Monarch and Boyd Gaming have already reported Q2 results, with Monarch posting 4.2% revenue growth that missed expectations by 0.7% and Boyd Gaming reporting flat revenue in line with consensus. Caesars Entertainment's stock price was unchanged over the last month, heading into earnings with an average analyst price target of $31.27 compared to the current share price of $29.80.
Caesars Entertainment CorporationCompany is about to report Q2 earnings; past misses and analyst estimates create uncertainty, but no actual results yet.
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