Equities analysts expect Caesars Entertainment Corporation (NASDAQ:CZR) to report sales of $2.13 billion for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Caesars Entertainment Corporation’s earnings. The highest sales estimate is $2.15 billion and the lowest is $2.10 billion. Caesars Entertainment Corporation posted sales of $986.00 million in the same quarter last year, which suggests a positive year over year growth rate of 116%. The business is expected to issue its next quarterly earnings report on Monday, November 6th.

According to Zacks, analysts expect that Caesars Entertainment Corporation will report full-year sales of $2.13 billion for the current fiscal year, with estimates ranging from $8.39 billion to $8.40 billion. For the next year, analysts expect that the firm will post sales of $8.69 billion per share, with estimates ranging from $8.66 billion to $8.72 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Caesars Entertainment Corporation.

Caesars Entertainment Corporation (NASDAQ:CZR) last announced its quarterly earnings data on Thursday, August 3rd. The company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.47. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $2.11 billion.

CZR has been the topic of several recent analyst reports. BidaskClub raised shares of Caesars Entertainment Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Zacks Investment Research raised shares of Caesars Entertainment Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Tuesday, August 8th. ValuEngine raised shares of Caesars Entertainment Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. CIBC initiated coverage on shares of Caesars Entertainment Corporation in a research note on Thursday, June 1st. They set an “outperform” rating and a $15.00 target price on the stock. Finally, Oppenheimer Holdings, Inc. initiated coverage on shares of Caesars Entertainment Corporation in a research note on Thursday, June 1st. They set an “outperform” rating and a $15.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $14.58.

Several institutional investors have recently bought and sold shares of CZR. BNP Paribas Arbitrage SA increased its position in Caesars Entertainment Corporation by 88.0% in the second quarter. BNP Paribas Arbitrage SA now owns 10,449 shares of the company’s stock worth $125,000 after buying an additional 4,892 shares during the period. Quantbot Technologies LP increased its position in Caesars Entertainment Corporation by 647.9% in the second quarter. Quantbot Technologies LP now owns 12,116 shares of the company’s stock worth $145,000 after buying an additional 10,496 shares during the period. KCG Holdings Inc. acquired a new position in Caesars Entertainment Corporation during the first quarter valued at approximately $116,000. Airain ltd acquired a new position in Caesars Entertainment Corporation during the second quarter valued at approximately $161,000. Finally, Stevens Capital Management LP acquired a new position in Caesars Entertainment Corporation during the first quarter valued at approximately $156,000. 68.38% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Caesars Entertainment Corporation (NASDAQ:CZR) opened at 12.05 on Wednesday. The stock has a 50 day moving average price of $12.34 and a 200-day moving average price of $10.83. Caesars Entertainment Corporation has a 12 month low of $5.39 and a 12 month high of $13.45. The stock’s market cap is $1.80 billion.

Caesars Entertainment Corporation Company Profile

Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options.

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