Bally's (BALY) Expected to Announce Quarterly Earnings on Wednesday

Bally's (NYSE:BALY - Get Free Report) is expected to be announcing its Q1 2025 earnings results before the market opens on Wednesday, May 7th. Analysts expect Bally's to post earnings of ($0.90) per share for the quarter.

Bally's (NYSE:BALY - Get Free Report) last issued its quarterly earnings results on Monday, March 17th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of ($0.76) by $1.34. Bally's had a negative return on equity of 79.10% and a negative net margin of 30.04%. The firm had revenue of $580.37 million for the quarter, compared to analysts' expectations of $589.83 million. On average, analysts expect Bally's to post $-7 EPS for the current fiscal year and $-4 EPS for the next fiscal year.

Bally's Stock Down 1.8 %

Shares of NYSE:BALY traded down $0.23 on Monday, hitting $12.46. 12,138 shares of the company traded hands, compared to its average volume of 30,818. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 15.62. The company has a market cap of $604.43 million, a PE ratio of -0.83 and a beta of 2.04. Bally's has a 52 week low of $10.00 and a 52 week high of $23.20. The stock has a 50 day simple moving average of $14.96 and a 200-day simple moving average of $16.66.

Analysts Set New Price Targets

Several research firms recently commented on BALY. Barclays dropped their price objective on Bally's from $18.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. Citizens Jmp raised shares of Bally's to a "hold" rating in a report on Tuesday, March 18th. Finally, Stifel Nicolaus dropped their price target on Bally's from $17.00 to $14.00 and set a "hold" rating for the company in a research note on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Bally's presently has a consensus rating of "Hold" and an average target price of $17.13.

Bally's Company Profile

Bally's Corp. is a global casino-entertainment company with a portfolio of casinos and resorts and online gaming businesses. It operates through the following segments: Casinos & Resorts, International Interactive, and North America Interactive. The Casinos & Resorts segment consists of the company's casino and resort properties, a horse racetrack, and a golf course.