Caesars Entertainment (CZR) Stock Plummets in After-Hours Trading on Earnings Miss

Caesars Entertainment (CZR) stock is falling in after-hours trading on Monday after the company reported its 2015 third quarter earnings results.
By Amanda Albright ,

NEW YORK (TheStreet) -- Caesars Entertainment (CZR) - Get Report stock is down by 15.60% to $7.25 in after-hours trading on Monday, after the company's 2015 third quarter earnings results missed analysts' expectations.

The Las Vegas-based holding company, which operates casinos such as Caesars Palace, reported a loss of $5.44 per share.

Revenue increased to $1.14 billion, up from $1.01 billion in the year-ago period.

Analysts were expecting the company to report earnings of 67 cents per share on $1.69 billion in revenue for the most recent quarter.

"We are pleased with our continued strong performance system-wide in the third quarter, delivering our third consecutive quarter of EBITDA growth as well as our highest quarterly EBITDA margins since 2007, and industry-leading Las Vegas strip margins," CEO Mark Frissora said in a statement. 

Separately, TheStreet Ratings team rates CAESARS ENTERTAINMENT CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

We rate CAESARS ENTERTAINMENT CORP (CZR) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and generally high debt management risk.

You can view the full analysis from the report here: CZR

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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.

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