Red Rock Resorts reported Q2 2026 earnings and revenues that beat consensus estimates, with EPS of 67 cents versus 33 cents expected and revenues of $510.3 million versus $497 million expected. However, both metrics declined year-over-year, with casino, food and beverage, and room revenues all declining. Operating margins contracted significantly as expenses rose faster than revenues, leading to a 29.3% decline in net income. The stock has underperformed the S&P 500 by 6.8% since the earnings release, with analyst estimates trending downward and the stock assigned a Zacks Rank #3 (Hold) rating.

In a comparison of two gaming sector stocks, Motorsport Games Inc. (MSGM) emerges as the more attractive option for value investors compared to Red Rock Resorts (RRR). MSGM holds a Zacks Rank of #1 (Strong Buy) with a Value grade of A, featuring a forward P/E of 12.93 and PEG ratio of 0.52. RRR has a Zacks Rank of #3 (Hold) with a Value grade of C, showing a forward P/E of 36.39 and PEG ratio of 4.61, indicating MSGM is significantly more undervalued.

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Red Rock Resorts (RRR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Red Rock Resorts' (RRR) emphasis on development projects, openings of high-limit tables and new amenities bodes well. However, an increase in costs and expenses is a headwind.

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Analysts' ratings for Red Rock Resorts (NASDAQ:RRR) over the last quarter vary from bullish to bearish, as provided by 13 analysts. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 6 4 0 0 Last 30D 1 3 1 0 0 1M Ago 1 2 2 0 0 2M Ago 1 1 0 0 0 3M Ago 0 0 1 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $61.92, a high estimate of $69.00, and a low estimate of $51.00. Witnessing a positive shift, the current average has risen by 3.06% from the previous average price target of $60.08. Diving into Analyst Ratings: An In-Depth Exploration An in-depth analysis of recent analyst actions unveils how financial experts perceive Red Rock Resorts. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Brandt Montour Barclays Lowers Overweight $63.00 $64.00 Jordan Bender JMP Securities Lowers Market Outperform $65.00 $66.00 Daniel Politzer Wells Fargo Lowers Overweight $63.00 $66.00 Steve Wieczynski Stifel Lowers Hold $59.00 $61.00 Ben Chaiken Mizuho Lowers Buy $66.00 $69.00 Barry Jonas Truist Securities Raises Hold $60.00 $58.00 Brandt Montour Barclays Raises Overweight $64.00 $62.00 Jordan Bender JMP Securities Raises Market Outperform $66.00 $61.00 Stephanie Grambling Morgan Stanley Raises Equal-Weight $53.00 $51.00 Shaun Kelley B of A Securities Raises Buy $57.00 $52.00 Joseph Greff JP Morgan Raises Overweight $69.00 $63.00 Ben Chaiken Mizuho Announces Buy $69.00 - Stephanie Grambling Morgan Stanley Raises Equal-Weight $51.00 $48.00 Key Insights: Action Taken: Responding to changing market dynamics and company performance, analysts update their ...Full story available on Benzinga.com

Red Rock Resorts' (RRR) first-quarter performance benefits from solid visitation and strong spend per visit.

Red Rock Resorts, Inc. (NASDAQ:RRR) posted weaker-than-expected sales for its first quarter on Tuesday. Red Rock Resorts posted GAAP earnings of 68 cents per share, versus market estimates of 69 cents per share. The company posted quarterly sales of $488.900 million, missing expectations of $489.641 ...Full story available on Benzinga.com

The headline numbers for Red Rock Resorts (RRR) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.