Q3 Earnings Roundup: Golden Entertainment (NASDAQ:GDEN) And The Rest Of The Casino Operator Segment

Boyd Gaming pulled off the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 10.7% since reporting. It currently trades at $71.20.

Is now the time to buy Boyd Gaming? Access our full analysis of the earnings results here, it’s free.

Founded by the former Mirage Resorts CEO, Wynn Resorts (NASDAQ:WYNN) is a global developer and operator of high-end hotels and casinos, known for its luxurious properties and premium guest services.

Wynn Resorts reported revenues of $1.69 billion, up 1.3% year on year, falling short of analysts’ expectations by 2%. It was a disappointing quarter as it posted a significant miss of analysts’ adjusted operating income and EPS estimates.

As expected, the stock is down 2.8% since the results and currently trades at $92.98.

Read our full analysis of Wynn Resorts’s results here.

Established in 1982, PENN Entertainment (NASDAQ:PENN) is a diversified American operator of casinos, sports betting, and entertainment venues.

PENN Entertainment reported revenues of $1.64 billion, up 1.2% year on year. This number lagged analysts’ expectations by 1%. It was a disappointing quarter as it also recorded a significant miss of analysts’ EBITDA and EPS estimates.

The stock is down 3.6% since reporting and currently trades at $18.55.

Read our full, actionable report on PENN Entertainment here, it’s free.

Established in 1993, Monarch (NASDAQ:MCRI) operates luxury casinos and resorts, offering high-end gaming, dining, and hospitality experiences.

Monarch reported revenues of $137.9 million, up 3.7% year on year. This number beat analysts’ expectations by 2.9%. It was a strong quarter as it also put up a decent beat of analysts’ EPS and EBITDA estimates.

The stock is up 6.6% since reporting and currently trades at $78.51.

Read our full, actionable report on Monarch here, it’s free.

Thanks to the Fed’s series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market has thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% each in November and December), and a notable surge followed Donald Trump’s presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by the pace and magnitude of future rate cuts as well as potential changes in trade policy and corporate taxes once the Trump administration takes over. The path forward is marked by uncertainty.

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