Caesars Entertainment (CZR) is a Top-Ranked Growth Stock: Should You Buy?
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Caesars Entertainment (CZR)
Caesars Entertainment is a diversified gaming and hospitality company based in Reno, NV. Founded by the Carano family in 1973, the company’s primary source of revenues is generated through gaming operations that include mobile, online gaming and sports betting.
CZR sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of B, and has a VGM Score of A. Earnings and sales are forecasted to increase 223.6% and 7.6% year-over-year, respectively.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.32 to $4.46 per share. CZR boasts an average earnings surprise of 65.8%.
Caesars Entertainment is also cash rich. The company has generated cash flow growth of 53.3%, and is expected to report cash flow expansion of 32.6% in 2023.
Investors should take the time to consider CZR for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Caesars Entertainment, Inc. (CZR) : Free Stock Analysis Report
