Why Caesars Entertainment (CZR) Could Be Positioned for a Surge? - Tale of the Tape
Caesars Entertainment Corporation (CZR) is a casino entertainment services provider that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CZR’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Caesars Entertainment could be a solid choice for investors.
Current Quarter Estimates for CZR
In the past 30 days, consensus estimates have narrowed from a loss of $1.87 a share 30 days ago, to a loss of $1.40 today, a move of 25.1%.
Current Year Estimates for CZR
Meanwhile, Caesars Entertainment’s current year figures are also looking quite promising, with 1 estimate moving higher in the past two months, compared with none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $6.35 per share 60 days ago to a loss of $5.12 per share today, an increase of 19.4%.
Bottom Line
The stock has also started to move higher lately, adding 7.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.
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CAESARS ENTERTN (CZR): Free Stock Analysis Report
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