Red Rock Resorts Q2 Earnings Preview: Revenue Flat YoY, Analysts Expecting $485.4M

Red Rock Resorts (RRR) will report Q2 earnings on Tuesday. Last quarter, the company beat analysts' revenue expectations by 0.6% and reported revenues of $497.9 million, up 1.8% YoY. Analysts expect flat revenue YoY at $485.4 million and adjusted earnings of $0.41 per share for Q2. Red Rock Resorts has missed Wall Street's revenue estimates three times over the last two years.

Red Rock Resorts (RRR) will report its Q2 2025 earnings results after the market closes on Tuesday, July 29th. The company has a history of beating revenue expectations but has also missed Wall Street's estimates in the past. Here's what investors need to know ahead of the announcement.

Q2 Earnings Expectations

Analysts expect Red Rock Resorts to report flat year-over-year (YoY) revenue at $485.4 million, down from the 16.9% increase recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.41 per share [3].

Recent Performance

In the previous quarter, Red Rock Resorts beat analysts' revenue expectations by 0.6%, reporting revenues of $497.9 million, up 1.8% YoY. The company also beat analysts' EPS estimates but missed their Casino revenue estimates [1].

Analyst Sentiment

Heading into earnings, analysts covering the company have grown increasingly bearish. There have been four downward revisions to revenue estimates over the last 30 days, and Red Rock Resorts has missed Wall Street's revenue estimates three times over the last two years [1].

Peer Performance

Some of Red Rock Resorts' peers in the consumer discretionary segment have already reported their Q2 results. Monarch delivered year-on-year revenue growth of 6.8%, beating analysts' expectations by 5.4%, and Boyd Gaming reported revenues up 6.9%, topping estimates by 5.4%. Both companies saw share price increases following their results [1].

Stock Performance

Red Rock Resorts has seen an 8.9% increase in its share price over the last month, with an average analyst price target of $57.77, compared to the current share price of $56.64 [1].

Dividend and Institutional Ownership

The company recently disclosed an annual dividend, paid on June 30th, representing a dividend yield of 2.29%. Institutional investors own 47.84% of the stock, with notable holdings by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC, Millennium Management LLC, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., and AQR Capital Management LLC [3].

Analyst Ratings

Several research firms have weighed in on Red Rock Resorts. Citigroup, JPMorgan Chase, Barclays, JMP Securities, and Mizuho have all issued positive ratings, with price targets ranging from $50.00 to $62.00. Four analysts have given the stock a hold rating, while eight have given it a buy rating [3].

Conclusion

Red Rock Resorts is heading into earnings with a mixed bag of expectations and analyst sentiment. While the company has a history of beating revenue expectations, it has also missed estimates in the past. Investors should closely follow the earnings announcement and subsequent analyst revisions to gauge the company's performance and potential future direction.

References

[1] https://www.tradingview.com/news/stockstory:02aa4fb71094b:0-red-rock-resorts-rrr-reports-q2-everything-you-need-to-know-ahead-of-earnings/
[2] https://www.tipranks.com/news/the-fly/red-rock-resorts-price-target-raised-to-65-from-52-at-susquehanna-thefly
[3] https://www.marketbeat.com/instant-alerts/red-rock-resorts-rrr-projected-to-post-quarterly-earnings-on-tuesday-2025-07-22/