Bally's Corp reports results for the quarter ended June 30 - Earnings Summary

• Bally's Corp BALY.N reported a quarterly adjusted loss of $3.76​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $-1.24. The mean expectation of five analysts for the quarter was for a loss of 24 cents per share. Wall Street expected results to range from -47 cents to 7 cents per share.

• Revenue rose 5.8% to $657.53 million from a year ago; analysts expected $646.54 million.

• Bally's Corp's reported EPS for the quarter was a loss of $3.76​.

• The company reported a quarterly loss of $228.44 million.

• Bally's Corp shares had risen by 0.2% this quarter and lost 48.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 10.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the casinos & gaming peer group is "buy."

• Wall Street's median 12-month price target for Bally's Corp is $13.00, about 23.5% above its last closing price of $9.95

This summary was machine generated from LSEG data August 11 at 10:36 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)