Bally’s (BALY) Scheduled to Post Earnings on Wednesday

Bally’s (NYSE:BALY) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Bally’s to post earnings of ($1.07) per share for the quarter. Bally’s has set its FY 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Bally’s (NYSE:BALY) last announced its earnings results on Wednesday, February 21st. The company reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.31). Bally’s had a negative net margin of 7.05% and a negative return on equity of 17.92%. The business had revenue of $611.67 million for the quarter, compared to the consensus estimate of $626.62 million. On average, analysts expect Bally’s to post $-4 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Bally’s Stock Performance

Shares of BALY stock opened at $14.18 on Wednesday. Bally’s has a 12 month low of $7.28 and a 12 month high of $18.66. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.64 and a current ratio of 0.65. The company’s fifty day moving average price is $12.56 and its 200-day moving average price is $11.77.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Macquarie cut shares of Bally’s from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $15.00 to $12.00 in a report on Wednesday, January 17th. Wells Fargo & Company reiterated an “underweight” rating and issued a $10.00 price target on shares of Bally’s in a research note on Friday, January 5th. Truist Financial boosted their target price on Bally’s from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus decreased their target price on Bally’s from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.29.

About Bally’s

Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.