Zacks Research Cuts Earnings Estimates for Red Rock Resorts

Red Rock Resorts, Inc. (NASDAQ:RRR) – Investment analysts at Zacks Research dropped their Q1 2026 EPS estimates for Red Rock Resorts in a research note issued to investors on Monday, March 2nd. Zacks Research analyst Team now expects that the company will post earnings of $0.49 per share for the quarter, down from their previous estimate of $0.51. The consensus estimate for Red Rock Resorts’ current full-year earnings is $1.76 per share. Zacks Research also issued estimates for Red Rock Resorts’ Q2 2026 earnings at $0.44 EPS, Q3 2026 earnings at $0.40 EPS, Q4 2026 earnings at $0.47 EPS, FY2026 earnings at $1.80 EPS, Q1 2027 earnings at $0.49 EPS and Q2 2027 earnings at $0.48 EPS.

A number of other brokerages have also issued reports on RRR. Citizens Jmp increased their price objective on Red Rock Resorts from $65.00 to $68.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 14th. Truist Financial reissued a “buy” rating and issued a $80.00 price target (up from $75.00) on shares of Red Rock Resorts in a research note on Wednesday, February 11th. Weiss Ratings upgraded shares of Red Rock Resorts from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Mizuho set a $77.00 target price on shares of Red Rock Resorts in a research report on Wednesday, February 11th. Finally, Citigroup boosted their price target on shares of Red Rock Resorts from $63.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.15.

Red Rock Resorts Price Performance

Shares of NASDAQ:RRR opened at $59.98 on Wednesday. The firm’s 50 day moving average is $62.56 and its two-hundred day moving average is $60.43. The firm has a market capitalization of $6.30 billion, a P/E ratio of 19.16, a PEG ratio of 2.52 and a beta of 1.46. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 10.26. Red Rock Resorts has a 52 week low of $35.09 and a 52 week high of $68.99.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.34. The business had revenue of $511.78 million for the quarter, compared to analysts’ expectations of $500.90 million. Red Rock Resorts had a net margin of 9.35% and a return on equity of 58.13%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS.

Red Rock Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.7%. Red Rock Resorts’s payout ratio is 33.23%.

Institutional Trading of Red Rock Resorts

A number of hedge funds have recently bought and sold shares of RRR. Salomon & Ludwin LLC acquired a new stake in shares of Red Rock Resorts during the fourth quarter worth approximately $25,000. Kestra Advisory Services LLC acquired a new stake in shares of Red Rock Resorts during the 4th quarter valued at $27,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Red Rock Resorts by 230.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 552 shares of the company’s stock valued at $29,000 after acquiring an additional 385 shares in the last quarter. Strs Ohio acquired a new position in shares of Red Rock Resorts in the third quarter worth $37,000. Finally, GAMMA Investing LLC raised its holdings in shares of Red Rock Resorts by 53.8% during the fourth quarter. GAMMA Investing LLC now owns 752 shares of the company’s stock worth $47,000 after acquiring an additional 263 shares in the last quarter. 47.84% of the stock is owned by hedge funds and other institutional investors.

More Red Rock Resorts News

Here are the key news stories impacting Red Rock Resorts this week:

• Positive Sentiment: Zacks raised Red Rock’s Q4 2026 EPS view to $0.47 from $0.43, a sign of stronger year‑end expectations that could support the stock if realized. Zacks Research estimate changes
• Positive Sentiment: Zacks bumped FY2027 EPS to $2.01 (from $2.00) and issued FY2028 EPS of $2.30, indicating improved longer‑term growth assumptions that could justify higher multiple over time. Zacks Research estimate changes
• Neutral Sentiment: The consensus for the current full year remains around $1.76 EPS—Zacks’ changes shift timing more than the headline annual consensus materially. Zacks Research estimate changes
• Negative Sentiment: Zacks cut multiple near‑term quarterly estimates: Q1 2026 to $0.49 (from $0.51), Q2 2026 to $0.44 (from $0.50) and Q3 2026 to $0.40 (from $0.42). These downward revisions signal weaker short‑term operating momentum, which likely pressured the stock. Zacks Research estimate changes
• Negative Sentiment: Zacks trimmed FY2026 EPS to $1.80 from $1.85 and slightly lowered near-term 2027 quarterly estimates (Q1 2027 to $0.49 and Q2 2027 to $0.48), creating modest downside to near‑term earnings expectations. Zacks Research estimate changes

About Red Rock Resorts

Red Rock Resorts, Inc (NASDAQ: RRR) is a publicly traded gaming and hospitality company headquartered in Summerlin, Nevada. The company owns and operates a diversified portfolio of full-service casino resorts and neighborhood gaming properties in the Las Vegas valley. Its core business activities include resort hotel accommodations, casino gaming, food and beverage operations, entertainment and convention services designed to meet the needs of both leisure and business travelers.

The company’s flagship resort, Red Rock Casino Resort & Spa, features a full range of table games, slot machines, a luxury spa, convention space, multiple signature restaurants and live entertainment venues.