Q4 22 EPS
$1.49
BEAT +152.54%
Est. $0.59
Q4 22 Revenue
$425.5M
BEAT +0.78%
Est. $422.2M
vs S&P Since Q4 22
-34.5%
TRAILING MARKET
RRR +49.3% vs S&P +83.8%
Full Year 2022 Results
FY 22 EPS
$3.36
BEAT +100.00%
Est. $1.68
FY 22 Revenue
$1.66B
BEAT +0.15%
Est. $1.66B
Market Reaction
Did RRR Beat Earnings? Q4 2022 Results
Red Rock Resorts delivered a blowout fourth quarter, reporting earnings per share of $1.49 against a consensus estimate of just $0.59, a beat of 152.54% that far exceeded Wall Street expectations. Revenue came in at $425.47 million, edging past the $… Read more Red Rock Resorts delivered a blowout fourth quarter, reporting earnings per share of $1.49 against a consensus estimate of just $0.59, a beat of 152.54% that far exceeded Wall Street expectations. Revenue came in at $425.47 million, edging past the $422.94 million estimate by 0.60% and marking a modest 0.7% increase year-over-year. The standout driver behind the earnings strength was a $63.75 million net gain in write-downs and other items, compared to a charge of $20.84 million in the prior-year quarter, which helped lift operating income 37.4% to $221.56 million. Las Vegas operations, the company's dominant segment, generated $419.65 million in revenue and $206.86 million in Adjusted EBITDA, remaining essentially stable year-over-year. The quarter also introduced a new Native American management revenue stream contributing $2.21 million. Despite rising interest expenses of $40.18 million reflecting the company's $3.00 billion debt load, overall Adjusted EBITDA grew 2.5% to $194.40 million, signaling resilient underlying operations.
Key Takeaways
- • Net revenues increased 0.7% year-over-year driven by growth in food and beverage, room, and other revenues
- • Adjusted EBITDA grew 2.5% to $194.4 million in Q4 2022
- • SG&A expenses decreased from $91.5 million to $85.0 million year-over-year
- • Significant favorable write-downs and other net gain of $63.7 million in Q4 2022
- • Native American management segment contributed new revenue stream of $2.2 million
RRR YoY Financials
Q4 2022 vs Q4 2021, source: SEC Filings
RRR Revenue by Segment
With YoY comparisons, source: SEC Filings
RRR Earnings Trends
RRR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RRR EPS Trend
Earnings per share: estimate vs actual
RRR Revenue Trend
Quarterly revenue: estimate vs actual
RRR Quarterly Results
12 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.49 | $0.73 | +49.65% | $507.3M | +0.21% |
| Q4 25 BEAT FY | $0.45 | $0.75 | +67.71% | $511.8M | +1.48% |
| FY Full Year | — | $3.12 | — | $2.01B | — |
| Q3 25 BEAT | $0.39 | $0.68 | +76.44% | $475.6M | -0.58% |
| Q2 25 BEAT | $0.41 | $0.95 | +131.14% | $526.3M | +7.83% |
| Q1 25 BEAT | $0.49 | $0.75 | +54.38% | $497.9M | +0.38% |
| Q4 24 BEAT FY | $0.48 | $0.76 | +58.73% | $495.7M | +1.12% |
| FY Full Year | $1.49 | $2.53 | +69.56% | $1.94B | +0.27% |
| Q3 24 MISS | $0.52 | $0.48 | -7.69% | $468.0M | +1.37% |
| Q2 24 MISS | $0.66 | $0.59 | -10.61% | $486.4M | +2.01% |
| Q1 24 BEAT | $0.66 | $0.68 | +3.03% | $488.9M | -0.15% |
| Q4 23 BEAT FY | $0.51 | $0.95 | +86.27% | $462.7M | +5.25% |
| FY Full Year | — | $2.94 | — | $1.72B | — |
| Q3 23 BEAT | $0.48 | $0.60 | +25.00% | $411.6M | +0.06% |
| Q4 22 BEAT FY | $0.59 | $1.49 | +152.54% | $425.5M | +0.78% |
| FY Full Year | $1.68 | $3.36 | +100.00% | $1.66B | +0.15% |