Zacks Research Has Bearish Estimate for RRR Q3 Earnings

Key Points

• Zacks Research cut Red Rock Resorts’ Q3 2026 EPS estimate to $0.22 from $0.26 and maintained a “Hold” rating. Its current full-year earnings consensus remains $1.54 per share.
• Red Rock Resorts exceeded its latest quarterly expectations, reporting $0.67 EPS versus the $0.51 consensus and $510.26 million in revenue, although revenue declined 3% year over year.
• The stock opened at $59.72, down 1.7%, while analysts overall maintained a “Moderate Buy” consensus with an average price target of $71.88. The company also declared a quarterly dividend of $0.26 per share.

Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) - Research analysts at Zacks Research lowered their Q3 2026 EPS estimates for shares of Red Rock Resorts in a report released on Tuesday, August 25th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.22 per share for the quarter, down from their previous forecast of $0.26. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Red Rock Resorts' current full-year earnings is $1.54 per share. Zacks Research also issued estimates for Red Rock Resorts' Q4 2026 earnings at $0.40 EPS, Q2 2027 earnings at $0.44 EPS, Q3 2027 earnings at $0.39 EPS, Q4 2027 earnings at $0.46 EPS, FY2027 earnings at $1.76 EPS, Q1 2028 earnings at $0.60 EPS, Q2 2028 earnings at $0.53 EPS and FY2028 earnings at $2.27 EPS.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.16. Red Rock Resorts had a return on equity of 56.19% and a net margin of 8.43%.The firm had revenue of $510.26 million for the quarter, compared to analysts' expectations of $500.08 million. During the same quarter last year, the business posted $0.95 EPS. Red Rock Resorts's revenue was down 3.0% on a year-over-year basis.

A number of other equities research analysts have also commented on RRR. Wall Street Zen upgraded Red Rock Resorts from a "sell" rating to a "hold" rating in a research report on Sunday, July 12th. UBS Group set a $75.00 price target on shares of Red Rock Resorts in a research note on Thursday, July 2nd. Citigroup restated a "buy" rating on shares of Red Rock Resorts in a report on Wednesday, August 5th. Bank of America upped their price target on Red Rock Resorts from $60.00 to $70.00 and gave the stock a "neutral" rating in a research note on Monday, July 20th. Finally, Truist Financial raised their target price on Red Rock Resorts from $68.00 to $75.00 and gave the company a "buy" rating in a report on Monday, July 20th. Fourteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $71.88.

Red Rock Resorts Trading Down 1.7%

Red Rock Resorts stock opened at $59.72 on Wednesday. The company has a 50 day moving average price of $63.48 and a 200 day moving average price of $59.79. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 4.99 and a beta of 1.36. Red Rock Resorts has a 52 week low of $50.52 and a 52 week high of $68.99. The company has a debt-to-equity ratio of 12.33, a quick ratio of 0.63 and a current ratio of 0.68.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Louisiana State Employees Retirement System acquired a new stake in shares of Red Rock Resorts in the 1st quarter valued at $1,147,000. UBS Group AG boosted its stake in Red Rock Resorts by 205.1% in the fourth quarter. UBS Group AG now owns 476,311 shares of the company's stock valued at $29,507,000 after acquiring an additional 320,175 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Red Rock Resorts by 54.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 125,800 shares of the company's stock worth $7,793,000 after acquiring an additional 44,546 shares during the period. Legal & General Group Plc grew its holdings in Red Rock Resorts by 147.9% during the 4th quarter. Legal & General Group Plc now owns 119,453 shares of the company's stock worth $7,400,000 after acquiring an additional 71,274 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Red Rock Resorts by 24.1% during the 1st quarter. Principal Financial Group Inc. now owns 287,633 shares of the company's stock valued at $15,348,000 after acquiring an additional 55,845 shares during the last quarter. 47.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, President Scott Kreeger sold 31,159 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $61.78, for a total transaction of $1,925,003.02. Following the completion of the transaction, the president owned 203,881 shares in the company, valued at $12,595,768.18. This trade represents a 13.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 54.34% of the company's stock.

Red Rock Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 15th. Red Rock Resorts's dividend payout ratio is currently 36.75%.

Trending Headlines about Red Rock Resorts

Here are the key news stories impacting Red Rock Resorts this week:

• Positive Sentiment: Zacks lifted its FY2028 EPS forecast to $2.27 from $2.21, while raising Q1 2028 EPS to $0.60 from $0.52 and Q2 2028 EPS to $0.53 from $0.52. These increases suggest improved longer-term earnings potential. Zacks Research estimates for Red Rock Resorts
• Positive Sentiment: The firm also increased its Q2 2027 EPS estimate to $0.44 from $0.40 and Q4 2026 EPS to $0.40 from $0.39. However, these revisions are modest and did not result in a rating upgrade. Red Rock Resorts analyst estimates
• Neutral Sentiment: Zacks maintained its full-year current earnings consensus at $1.54 per share and kept a “Hold” rating, indicating that the overall outlook remains balanced rather than decisively bullish. Red Rock Resorts analyst rating
• Negative Sentiment: Zacks reduced its Q3 2026 EPS forecast to $0.22 from $0.26, FY2027 EPS to $1.76 from $1.82, and Q3 2027 EPS to $0.39 from $0.42. The downward revisions to nearer-term and 2027 earnings may weigh more heavily on investor sentiment than the improved 2028 projections. Red Rock Resorts earnings estimate revisions
• Neutral Sentiment: A report showed August short interest at zero shares with a zero-day days-to-cover ratio, but the figures appear inconsistent and provide no meaningful evidence of short-selling pressure or a potential short squeeze. Red Rock Resorts short interest report

Red Rock Resorts Company Profile

Red Rock Resorts, Inc NASDAQ: RRR is a publicly traded gaming and hospitality company headquartered in Summerlin, Nevada. The company owns and operates a diversified portfolio of full-service casino resorts and neighborhood gaming properties in the Las Vegas valley. Its core business activities include resort hotel accommodations, casino gaming, food and beverage operations, entertainment and convention services designed to meet the needs of both leisure and business travelers.

The company's flagship resort, Red Rock Casino Resort & Spa, features a full range of table games, slot machines, a luxury spa, convention space, multiple signature restaurants and live entertainment venues.

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