Bally's (BALY) Set to Announce Earnings on Wednesday

Bally's (NYSE:BALY - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Bally's to post earnings of ($1.07) per share for the quarter. Bally's has set its FY 2024 guidance at EPS.Investors interested in registering for the company's conference call can do so using this link.

Bally's (NYSE:BALY - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported ($0.86) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.31). The company had revenue of $611.67 million for the quarter, compared to analysts' expectations of $626.62 million. Bally's had a negative net margin of 7.05% and a negative return on equity of 17.92%. On average, analysts expect Bally's to post $-4 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Bally's Stock Down 1.3 %

NYSE BALY traded down $0.18 on Wednesday, reaching $13.99. The company had a trading volume of 432,275 shares, compared to its average volume of 488,191. The firm has a market capitalization of $560.86 million, a PE ratio of -4.00 and a beta of 2.08. The firm has a 50-day moving average of $12.62 and a 200-day moving average of $11.78. Bally's has a 1 year low of $7.28 and a 1 year high of $17.97. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.65 and a quick ratio of 0.64.

Wall Street Analysts Forecast Growth

BALY has been the subject of a number of recent analyst reports. Wells Fargo & Company restated an "underweight" rating and set a $10.00 price objective on shares of Bally's in a research note on Friday, January 5th. Macquarie downgraded shares of Bally's from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $15.00 to $12.00 in a research note on Wednesday, January 17th. Stifel Nicolaus dropped their target price on shares of Bally's from $13.00 to $11.00 and set a "hold" rating for the company in a research report on Thursday, February 22nd. Finally, Truist Financial lifted their price target on Bally's from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Bally's presently has a consensus rating of "Hold" and a consensus target price of $15.29.

About Bally's

Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.