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Caesars Entertainment, Inc. (CZR)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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38.00-0.27 (-0.71%)
As of 10:10AM EDT. Market open.
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Neutralpattern detected
Previous Close38.27
Open39.50
Bid37.98 x 900
Ask38.00 x 1000
Day's Range37.97 - 39.53
52 Week Range3.22 - 64.45
Volume1,117,138
Avg. Volume15,189,093
Market Cap25.993B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-3.22
Earnings DateNov 03, 2020 - Nov 09, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est11.96
  • Why Caesars Stock Is One of the Best Plays on a Return to Normalcy
    InvestorPlace

    Why Caesars Stock Is One of the Best Plays on a Return to Normalcy

    It might seem ludicrous to recommend a stock a day after it reported an 80% decline in revenue. But that's exactly what I'm doing with Caesars (NASDAQ:CZR) stock.Source: Jason Patrick Ross/Shutterstock.com The former Eldorado Resorts, whose acquisition of Caesars closed last month (Eldorado took the Caesars name), admittedly had an ugly second quarter. But, of course, that's no surprise. Due to the novel coronavirus pandemic, all of the company's properties closed at some point during Q2.There simply wasn't much Eldorado and Caesars could do.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, at this point, what happened in the second quarter simply isn't all that material. And now, what matters for CZR stock is what should happen going forward. * 7 Travel Stocks to Buy Banking On Pent-Up Demand That said, what should happen going forward is normalcy. It may take some time -- even years. But CZR stock is cheap enough, and has big enough upside, that it should be more than worth the wait. And here's why. The Best 'Return to Normalcy' PlayThere is no shortage of cheap stocks in the market that are dealing with short-term pandemic effects. Airline stocks, as measured by the U.S. Global Jets ETF (NYSEARCA:JETS), are down by almost half so far in 2020. Cruise stocks have performed even worse, as Royal Caribbean (NYSE:RCL) is off 61% and Carnival (NYSE:CCL,NYSE:CUK) 75% year-to-date. Other travel and leisure names, along with many brick-and-mortar retailers too have taken a big hit.Those big losers would seem to be targets for value investors with a long-term focus. After all, this pandemic will end. One of the many biotechs targeting a vaccine will succeed, or a treatment will be developed. And when we finally, fortunately, reach that point, normalcy presumably will return and these battered stocks can rally.The problem for most of these names, however, is that there are long-term impacts as well. Carnival, for instance, this crisis likely will irreparably affect demand. Airlines face the likelihood of persistently lower business travel as Zoom Video Communications (NASDAQ:ZM) gains more and more adoption.Thus, the argument that pandemic losers will rally back to past highs falls flat. Simply put, it's not that simple.However, CZR stock lacks those concerns. Near-term losses are modest. In fact, the company's net loss for Q2 was just $100 million. And while the gaming industry likely will be changed, those changes aren't necessarily going to be negative. For Carnival, the likely end of buffets removes a key selling point. For Caesars, as chief executive officer Tom Reeg noted after Q1, the end of buffets represents a potential source of cost savings.Meanwhile, gaming demand will return. It's an activity that has lasted for centuries. And as a result, CZR stock looks like one of -- if not the -- best "return to normalcy" plays out there. The Best Gaming Play, TooTo be sure, that case for CZR stock could apply to many other U.S. casino operators as well. However, most of those operators have significantly outperformed CZR stock so far this year.Prior to the deal with Eldorado, Caesars stock had declined 8.7% YTD, while Boyd Gaming (NYSE:BYD) is down just 14.6% YTD. Churchill Downs (NASDAQ:CHDN), meanwhile, has rallied 18.3%. And Penn National (NASDAQ:PENN) has soared 90%, thanks to its acquisition of a stake in Barstool Sports.The rallies in CHDN and PENN, admittedly, are driven by optimism toward online gambling and sports betting. Those rallies make some sense, and I've recommended PENN since early April.However, Caesars has a big opportunity there as well. Obviously, the company has a significant presence in Reno and Las Vegas, where sports betting already is legalized. The company also has regional casinos, however, and a significant agreement with U.K. bookmaker William Hill (OTCMKTS:WIMHY).Investors are rightly focused on the long-term opportunity ahead of Penn and Churchill Downs. But, for some reason, they're ignoring the opportunity in front of Caesars. CZR Stock a Long-Term BuyI don't believe investors will ignore that opportunity forever, though. It's too large, and there's too much to recommend CZR stock even before normalcy arrives.After all, this had been the best stock in all of gaming before the pandemic arrived. Management is excellent. The acquisition has its risks, but the former Eldorado successfully integrated Isle of Capri and Tropicana Entertainment, acquired in 2017 and 2018, respectively.Admittedly, the stock may take some patience; we'll see how investors react to ugly Q2 numbers. But as normalcy returns to everyday life, it should do the same to CZR stock. With the stock down almost 50% from February highs, that suggests a reasonable path to a double. And those are the kind of returns worth waiting for.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. Click here to see what Matt has up his sleeve now. As of this writing, Matt did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Why Caesars Stock Is One of the Best Plays on a Return to Normalcy appeared first on InvestorPlace.

  • Caesars Entertainment, Inc. Reports Second Quarter 2020 Results
    PR Newswire

    Caesars Entertainment, Inc. Reports Second Quarter 2020 Results

    Caesars Entertainment, Inc., (NASDAQ: CZR) ("Caesars," "CZR," or "the Company"), formerly known as Eldorado Resorts, Inc., today reported operating results for the second quarter ended June 30, 2020.

  • Benzinga

    Caesars Entertainment Earnings Preview

    On Thursday, August 06, Caesars Entertainment (NASDAQ: CZR) will release its latest earnings report. Benzinga's outlook for Caesars Entertainment is included in the following report.Earnings and Revenue Wall Street expects an EPS loss of $-1.01 and sales around $344.28 million. In the same quarter last year, Caesars Entertainment announced EPS of $-0.390 on revenue of $2.22 billion. If the company were to match the consensus estimate, earnings would be down 158.97%. Here's how the Caesars Entertainment's reported EPS has stacked up against analyst estimates in the past:Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019 EPS Estimate -0.18 -0.11 -0.05 -0.03 EPS Actual -0.30 -0.45 -0.53 -0.39 Revenue Estimate 2.04 B 2.13 B 2.21 B 2.20 B Revenue Actual 1.83 B 2.17 B 2.24 B 2.22 B Stock Performance Over the last 52-week period, shares are down 15.54%. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release.View more earnings on CZRDon't be surprised to see the stock move on comments made during its conference call. Caesars Entertainment is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://engage.vevent.com/index.jsp?eid=5827&seid=123See more from Benzinga * Stocks That Hit 52-Week Highs On Tuesday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.