Q4 24 EPS
$0.76
BEAT +58.73%
Est. $0.48
Q4 24 Revenue
$495.7M
BEAT +1.12%
Est. $490.2M
vs S&P Since Q4 24
+5.4%
BEATING MARKET
RRR +30.5% vs S&P +25.1%
Full Year 2024 Results
FY 24 EPS
$2.53
BEAT +69.56%
Est. $1.49
FY 24 Revenue
$1.94B
BEAT +0.27%
Est. $1.93B
Market Reaction
Did RRR Beat Earnings? Q4 2024 Results
Red Rock Resorts delivered a standout fourth quarter, posting earnings per share of $0.76 and beating the $0.48 consensus estimate by 58.73%, even as net income slipped 19.5% year over year to $87.72 million amid rising costs tied to the company's ag… Read more Red Rock Resorts delivered a standout fourth quarter, posting earnings per share of $0.76 and beating the $0.48 consensus estimate by 58.73%, even as net income slipped 19.5% year over year to $87.72 million amid rising costs tied to the company's aggressive expansion cycle. Revenue came in at $495.69 million, ahead of the $490.20 million consensus and up 7.1% from the year-ago period, with casino revenues serving as the primary engine, climbing to $326.54 million from $301.66 million. The clearest explanation for the margin pressure lies in the capital-intensive buildout anchored by the Durango Resort and Casino, which pushed depreciation and amortization to $48.16 million from $36.17 million while interest expense rose to $56.17 million against a debt load of roughly $3.40 billion. Underlying operational health held firm, however, with adjusted EBITDA essentially flat at $202.40 million. The board declared a quarterly dividend of $0.25 per Class A share, payable March 31, 2025.
Key Takeaways
- • Casino revenue growth of 8.2% year over year in Q4
- • Food and beverage revenue increase of 8.2% year over year in Q4
- • Durango Resort & Casino contributing to Las Vegas operations growth
- • Full-year Las Vegas operations revenue growth of 12.6%
RRR YoY Financials
Q4 2024 vs Q4 2023, 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% |