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

Bally’s (NYSE:BALY) is set to issue 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 that are interested in registering for the company’s conference call can do so using this link.

Bally’s (NYSE:BALY) last issued 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 analysts’ expectations 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 Price Performance

BALY stock opened at $13.96 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 5.73. Bally’s has a one year low of $7.28 and a one year high of $17.83. The company has a 50 day moving average price of $12.74 and a two-hundred day moving average price of $11.84.

Analysts Set New Price Targets

BALY has been the subject of several recent analyst reports. Macquarie cut shares of Bally’s from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $15.00 to $12.00 in a research note on Wednesday, January 17th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $10.00 target price on shares of Bally’s in a research note on Friday, January 5th. Stifel Nicolaus lowered their target price 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 lifted their target price on shares of Bally’s from $14.00 to $16.00 and gave the stock a “buy” rating in a research note 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.