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

Bally’s (NYSE:BALY) is set to announce its earnings results 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.Investors interested in participating in the company’s conference call can do so using this link.

Bally’s (NYSE:BALY) last issued its earnings results on Wednesday, February 21st. The company reported ($0.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.31). The company had revenue of $611.67 million for the quarter, compared to analysts’ expectations of $626.62 million. Bally’s had a negative net margin of 7.05% and a negative return on equity of 17.92%. 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

BALY stock opened at $13.74 on Tuesday. Bally’s has a 12 month low of $7.28 and a 12 month high of $17.83. The firm’s 50-day moving average is $12.79 and its 200 day moving average is $11.86. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 5.73.

Wall Street Analyst Weigh In

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

About Bally’s

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.