Bally’s (BALY) Set to Announce Quarterly Earnings on Wednesday

Bally’s (NYSE:BALY) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of ($1.07) per share for the quarter. Bally’s has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Bally’s (NYSE:BALY) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.86) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.31). The business had revenue of $611.67 million for the quarter, compared to analyst estimates of $626.62 million. Bally’s had a negative return on equity of 17.92% and a negative net margin of 7.05%. On average, analysts expect Bally’s to post $-4 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Bally’s Stock Performance

Shares of BALY opened at $13.74 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 5.73. The company has a 50-day simple moving average of $12.79 and a 200-day simple moving average of $11.86. Bally’s has a 52-week low of $7.28 and a 52-week high of $17.83.

Analyst Ratings Changes

A number of analysts have commented on the company. Wells Fargo & Company reiterated an “underweight” rating and set a $10.00 target price on shares of Bally’s in a research report on Friday, January 5th. Macquarie cut shares of Bally’s from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $15.00 to $12.00 in a research report on Wednesday, January 17th. Stifel Nicolaus dropped their price objective on shares of Bally’s from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Thursday, February 22nd. Finally, Truist Financial increased their target price on Bally’s from $14.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.29.

Bally’s Company Profile

Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.