34.50 -0.26 (-0.75%)
Pre-Market: 7:38AM EDT
|Bid||34.76 x 800|
|Ask||35.40 x 2900|
|Day's Range||34.31 - 37.53|
|52 Week Range||6.02 - 70.74|
|Beta (5Y Monthly)||2.61|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug. 04, 2020 - Aug. 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||43.91|
The Zacks Analyst Blog Highlights: MGM, Wynn Resorts, Las Vegas Sands and Eldorado Resorts
Eldorado Resorts, Inc. (NASDAQ: ERI) ("Eldorado," "ERI," or "the Company") announced that it will resume operations at Isle of Capri Casino Hotel Lula, Lady Luck Casino Vicksburg and Tropicana Casino Greenville at 10:00 AM CDT today, Thursday, May 21, 2020.
There is a lot of pent up demand to take risk, and legal gambling is the perfect place to satisfy that desire
Wall Street seems to think better days lie ahead for these casino operators; Red Rock Resorts' earnings call suggests that may be true.
Despite a tough first quarter, casino operators continue to move higher on expectations for a brighter future.
Casino giant Caesars’ mountains of debt raises uncertainty about its pending merger with Eldorado (ERI) amid the pandemic, says Dan Wasiolek, senior equity analyst at Morningstar.
As of 11:45 a.m. EDT, shares of mountain skiing specialist Vail Resorts (NYSE: MTN) are climbing 10.8%, hotelier Marriott International (NASDAQ: MAR) is up 13.8%, and casino operator Eldorado Resorts (NASDAQ: ERI) is doing best of all -- gaining 19.5%. This is a slow start -- but at least a start -- to reopening Eldorado Resorts.
Concerns over the coronavirus pandemic continues to hurt the gambling stocks. Moreover, Las Vegas Sands (LVS) abandons its pursuit of Integrated Resort (IR) development in Japan.
Eldorado Resorts, Inc. (NASDAQ: ERI) ("Eldorado," "ERI," or "the Company") announced that it will resume operations at Isle of Capri Lake Charles, Belle of Baton Rouge and Eldorado Shreveport at 12:00 PM CT today, Monday, May 18, 2020.
Nomura analyst Harry Curtis maintained a Hold rating on Eldorado Resorts (NASDAQ:ERI) on Tuesday, setting a price target of $12.5, which is approximately 39.38% below the present share price of $20.62.
What happened Shares of Eldorado Resorts (NASDAQ: ERI) jumped 11% in morning trading Tuesday. The upward move comes despite the company's report the day before that first-quarter revenue tumbled 26% while Caesars Entertainment (NASDAQ: CZR), which Eldorado will be acquiring for $17 billion, saw a 14% drop.
Eldorado Resorts (ERI) delivered earnings and revenue surprises of 22.22% and -14.66%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Eldorado Resorts, Inc. (NASDAQ: ERI) ("Eldorado," "ERI," or "the Company") today reported operating results for the first quarter ended March 31, 2020.
Eldorado's (ERI) first-quarter 2020 results are likely to reflect a rise in sportsbook venues and solid sports betting market. However, coronavirus-induced shutdowns are a bother.
KlaymanToskes ("KT"), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Eldorado Resorts (NASDAQ:ERI) ("Eldorado") who held large, unhedged concentrated positions in Eldorado stock and/or received margin calls resulting in the forced sale of stock. The recent losses were the result of unsuitable advice during the Coronavirus ("COVID-19") pandemic. The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Eldorado stock.
BJ's Wholesale Club, Polaris Industries, Abbott Laboratories, Eldorado Resorts and Apple highlighted as Zacks Bull and Bear of the Day
We have highlighted three stocks will flourish when the economy reopens. Notably, an increasing number of states are expected to reopen their economies in the first two weeks of May.
Shares of casino giant Caesars Entertainment (NASDAQ: CZR) jumped 42.9% in April, according to data provided by S&P Global Market Intelligence, after investors started to think its merger with Eldorado Resorts (NASDAQ: ERI) seemed more likely. As April wore on, the market got a little more bullish as Caesars and Eldorado inched closer to their merger. Asset sales that were part of the agreement continue to move forward, with Caesars selling Bally's Atlantic City to Twin River Worldwide Holdings for $25 million in cash.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.