Zacks Research Has Pessimistic Outlook of RRR Q3 Earnings

Red Rock Resorts, Inc. (NASDAQ:RRR) – Research analysts at Zacks Research reduced their Q3 2026 earnings per share (EPS) estimates for Red Rock Resorts in a report released on Tuesday, August 25th. Zacks Research analyst Team now forecasts that the company will earn $0.22 per share for the quarter, down from their previous estimate of $0.26. Zacks Research 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.

Several other research firms have also issued reports on RRR. Wells Fargo & Company increased their price target on shares of Red Rock Resorts from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Jefferies Financial Group reissued a “buy” rating on shares of Red Rock Resorts in a report on Thursday, July 2nd. Citizens Jmp raised their price objective on Red Rock Resorts from $69.00 to $71.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 5th. Susquehanna lowered their target price on Red Rock Resorts from $77.00 to $70.00 and set a “positive” rating for the company in a research note on Thursday, April 30th. Finally, Barclays increased their target price on shares of Red Rock Resorts from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Fourteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Red Rock Resorts has an average rating of “Moderate Buy” and a consensus target price of $71.88.

Red Rock Resorts Trading Down 1.7%

Shares of RRR stock opened at $59.72 on Wednesday. The stock has a market cap of $6.27 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 4.99 and a beta of 1.36. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 12.33. The stock has a 50 day simple moving average of $63.48 and a 200 day simple moving average of $59.79. Red Rock Resorts has a 1 year low of $50.52 and a 1 year high of $68.99.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating 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 company had revenue of $510.26 million during the quarter, compared to analysts’ expectations of $500.08 million. During the same period last year, the firm posted $0.95 earnings per share. The business’s revenue was down 3.0% on a year-over-year basis.

Red Rock Resorts Dividend Announcement

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

Insider Activity at Red Rock Resorts

In other news, President Scott Kreeger sold 31,159 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $61.78, for a total value of $1,925,003.02. Following the sale, the president directly owned 203,881 shares of the company’s stock, valued at approximately $12,595,768.18. This represents a 13.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 54.34% of the company’s stock.

Institutional Trading of Red Rock Resorts

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

Red Rock Resorts News Summary

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.