Equity Profile

RRR

Red Rock Resorts, Inc.

Consumer DiscretionaryCasinos & Gaming$3.8B

Apr29Wed

Post-Earnings Recap

ReportedQ1-2026After Close4:01 PM EDT

Red Rock Resorts, Inc. Beats on EPS, Stock Up 0.95%

Metric	Actual	Expected	Surprise
EPS	$0.73	$0.75	+35.94%
Revenue	N/A	$506M	N/A

management commentary, guidance changes, and full analysis available with Pro.

Red Rock Resorts, Inc. Beats on EPS, Stock Up 0.95%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.73	$0.75	+35.94%
Revenue	N/A	$506M	N/A

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Red Rock Resorts reported an EPS of $0.73, which was lower than the consensus estimate of $0.75. Despite this, the stock rose by 0.95%, indicating that investors may have reacted positively to the earnings surprise. However, with no revenue data available and no management commentary, the outlook remains uncertain.

Company Snapshot

Red Rock Resorts, Inc. operates casinos and gaming facilities primarily in the Las Vegas area....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

$0.75

Revenue

Total revenue reflects the company's ability to attract customers and generate sales, crucial for assessing growth.

$506M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Red Rock Resorts, Inc. operates casinos and gaming facilities primarily in the Las Vegas area. As a player in the consumer discretionary sector, the company's performance is closely tied to consumer spending and tourism trends, making it an important barometer for the gaming industry.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+69.29%

Avg Stock Reaction

+0.76%

Last Quarter Recap

In the last quarter, Red Rock Resorts reported an EPS of $0.75, significantly surpassing expectations. The stock reacted positively, gaining nearly 2% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Red Rock to continue its strong performance, with a consensus EPS of $0.75 and revenue of $506M. The company's recent earnings history shows a consistent ability to beat estimates.

Bull Case

If Red Rock can maintain or exceed its EPS expectations, it may signal strong consumer demand and effective management strategies, potentially driving the stock higher.

Bear Case

Conversely, any signs of declining customer traffic or lower-than-expected revenue could raise concerns about the company's growth prospects, leading to a negative market reaction.

Key Metrics to Watch

EPS

$0.75

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

Revenue

$506M

Total revenue reflects the company's ability to attract customers and generate sales, crucial for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed $0.75, and what factors contributed to this performance?

A beat on EPS could reinforce investor confidence and indicate strong operational performance, while a miss could raise concerns.

What are the trends in customer traffic and spending at their casinos?

Understanding customer behavior is crucial for assessing future revenue growth and overall company health.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Red Rock to exceed EPS expectations due to strong local tourism and consumer spending trends.

Supporting Evidence

Red Rock has consistently beaten EPS estimates in the past, suggesting a strong operational performance.

The options market is pricing in a larger move than historical averages, indicating heightened expectations.

Recent trends in Las Vegas tourism show a rebound, which could positively impact revenue.

Key Risk

If customer traffic significantly declines, it could undermine the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Red Rock can sustain its recent growth trajectory amid changing consumer behaviors.

Bull Confirmed If

An EPS of $0.80 or higher would confirm the bull case, indicating strong demand and effective cost management.

Bear Confirmed If

An EPS below $0.70 could confirm the bear case, suggesting potential challenges in attracting customers.

Pre-Earnings Positioning

Options Market

Implied Move

±7.43%

Historical Avg

±1.4%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±7.5% while RRR has averaged ±1.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

32.7%

Calls (4K)P/C Ratio: 0.03Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Discretionary

n=30

Fade rate: 5 of 14 (36%)

This setup has occurred 30 times across Consumer Discretionary in the last 2 years. 9 of 14 (64%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 5.1%, with a raw directional average of +0.9% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Red Rock beats expectations, history suggests a positive reaction, potentially leading to a 0.68% increase in stock price.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to volatility.

Miss

A miss on EPS could lead to a negative reaction, with historical data suggesting an average decline of around 1.03%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer traffic trends and spending patterns at their casinos.
2Management's outlook on future revenue growth and operational strategies.
3Details on any new initiatives or promotions aimed at attracting customers.
4Insights into competitive pressures in the Las Vegas gaming market.
5Any commentary on macroeconomic factors affecting consumer spending.

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Company Snapshot

Red Rock Resorts, Inc. operates casinos and gaming facilities primarily in the Las Vegas area....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

$0.75

Revenue

Total revenue reflects the company's ability to attract customers and generate sales, crucial for assessing growth.

$506M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+69.29%

Avg Stock Reaction

+0.76%

Last Quarter Recap

In the last quarter, Red Rock Resorts reported an EPS of $0.75, significantly surpassing expectations. The stock reacted positively, gaining nearly 2% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Red Rock to continue its strong performance, with a consensus EPS of $0.75 and revenue of $506M. The company's recent earnings history shows a consistent ability to beat estimates.

Bull Case

If Red Rock can maintain or exceed its EPS expectations, it may signal strong consumer demand and effective management strategies, potentially driving the stock higher.

Bear Case

Conversely, any signs of declining customer traffic or lower-than-expected revenue could raise concerns about the company's growth prospects, leading to a negative market reaction.

Key Metrics to Watch

EPS

$0.75

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

Revenue

$506M

Total revenue reflects the company's ability to attract customers and generate sales, crucial for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed $0.75, and what factors contributed to this performance?

A beat on EPS could reinforce investor confidence and indicate strong operational performance, while a miss could raise concerns.

What are the trends in customer traffic and spending at their casinos?

Understanding customer behavior is crucial for assessing future revenue growth and overall company health.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Red Rock to exceed EPS expectations due to strong local tourism and consumer spending trends.

Supporting Evidence

Red Rock has consistently beaten EPS estimates in the past, suggesting a strong operational performance.

The options market is pricing in a larger move than historical averages, indicating heightened expectations.

Recent trends in Las Vegas tourism show a rebound, which could positively impact revenue.

Key Risk

If customer traffic significantly declines, it could undermine the current bullish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Red Rock can sustain its recent growth trajectory amid changing consumer behaviors.

Bull Confirmed If

An EPS of $0.80 or higher would confirm the bull case, indicating strong demand and effective cost management.

Bear Confirmed If

An EPS below $0.70 could confirm the bear case, suggesting potential challenges in attracting customers.

Pre-Earnings Positioning

Options Market

Implied Move

±7.43%

Historical Avg

±1.4%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±7.5% while RRR has averaged ±1.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

32.7%

Calls (4K)P/C Ratio: 0.03Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Discretionary

n=30

Fade rate: 5 of 14 (36%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Red Rock beats expectations, history suggests a positive reaction, potentially leading to a 0.68% increase in stock price.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to volatility.

Miss

A miss on EPS could lead to a negative reaction, with historical data suggesting an average decline of around 1.03%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer traffic trends and spending patterns at their casinos.
2Management's outlook on future revenue growth and operational strategies.
3Details on any new initiatives or promotions aimed at attracting customers.
4Insights into competitive pressures in the Las Vegas gaming market.
5Any commentary on macroeconomic factors affecting consumer spending.