TLDR Citigroup cut its CZR stake by 81.9% in Q3, reducing holdings to 181,120 shares worth ~$4.90 million CZR missed Q4 EPS badly, reporting -$1.23 vs. the -$0.18 consensus estimate Revenue of $2.92 billion slightly beat analyst estimates of $2.89 billion, up 4.2% year-over-year 19 brokerages give CZR a “Moderate Buy” consensus with an average 12-month price target of $33.24 The stock trades near $25, with a high debt-to-equity ratio of 3.17 and a market cap of $5.09 billion
Caesars Entertainment ($CZR) had a rough end to the year. The company posted a Q4 loss of $1.23 per share, far worse than the consensus estimate of -$0.18 — a miss of $1.05.
Caesars Entertainment, Inc., CZR
Revenue told a different story. CZR brought in $2.92 billion for the quarter, edging past the $2.89 billion analysts expected and up 4.2% from the same period last year.
That said, the earnings miss was hard to ignore. A year ago, the company posted $0.05 EPS for the same quarter.
For the full fiscal year, analysts are forecasting CZR to post -$0.77 EPS. The company also carries a negative net margin of 4.37% and a negative return on equity of 7.97%.
The stock opened at $25.03 on Wednesday, with a 12-month range of $17.86 to $31.58. It’s trading below both its 50-day moving average of $22.50 and its 200-day moving average of $23.25 — although the current price sits above both.
CZR carries a heavy debt load, with a debt-to-equity ratio of 3.17. Its market cap sits at $5.09 billion.
Analyst Outlook
Despite the earnings miss, Wall Street isn’t running for the exits. Of 19 brokerages covering the stock, 11 have a buy rating, one has a strong buy, five hold, and two sell.
The average 12-month price