Today's Trend
Red Rock Resorts, Inc. (NASDAQ:RRR) received a mixed set of earnings-estimate revisions from Zacks Research, which helps explain the lack of a clearly bullish catalyst for the stock. Zacks maintained its Hold rating, while raising some longer-term forecasts and cutting several near-term and 2027 estimates.
- Zacks raised its Q4 2026 EPS forecast to $0.40 from $0.39, Q2 2027 EPS to $0.44 from $0.40, Q1 2028 EPS to $0.60 from $0.52, Q2 2028 EPS to $0.53 from $0.52, and FY2028 EPS to $2.27 from $2.21. The higher 2028 outlook suggests improved longer-term earnings potential.
- The revisions were issued alongside an unchanged Hold rating. Zacks projects FY2027 EPS of $1.76 and FY2028 EPS of $2.27, compared with the broader current-year consensus estimate of $1.54.
- Zacks lowered its Q3 2026 EPS forecast to $0.22 from $0.26, Q3 2027 EPS to $0.39 from $0.42, Q4 2027 EPS to $0.46 from $0.51, and FY2027 EPS to $1.76 from $1.82. These reductions point to softer expected earnings in several upcoming periods and may weigh on investor sentiment.
Overall, the revisions are mixed: optimism about 2028 earnings is offset by cuts to near-term and FY2027 forecasts. With no rating upgrade and several estimates reduced, the update provides only modest support for RRR and may contribute to pressure on the shares despite the improved longer-term outlook.