NASDAQ$RRR

Red Rock Resorts Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Red Rock Resorts' fourth quarter results were announced, revealing a decrease in net revenues but an increase in net income and adjusted EBITDA compared to the same period in 2019.

Red Rock Resorts reported a decrease in net revenues for Q4 2020, primarily due to the ongoing impacts of the COVID-19 pandemic. However, the company saw an increase in net income and Adjusted EBITDA compared to Q4 2019. The company continued its phased reopening program during the quarter.

  • Net revenues decreased by 25.5% to $343.4 million compared to Q4 2019.
  • Net income increased to $49.6 million, up from $6.8 million in the same period of 2019.
  • Adjusted EBITDA increased by 9.4% to $150.5 million compared to Q4 2019.
  • Las Vegas operations net revenues decreased by 27.8% to $316.2 million, while Adjusted EBITDA increased by 5.5% to $137.1 million.

Headline financials

Total Revenue

$343M

Previous: $461M-25.5%
EPS (adj)

$0.39

Previous: $0.21+85.7%
Adjusted EBITDA

$151M

Previous: $138M+9.4%
Depreciation and amortization

$57.6M

Previous: $57.6M+0.1%
Interest expense, net

$28.6M

Previous: $37.7M-24.1%
Net Income

$49.6M

Previous: $6.84M+625.2%
Operating Income

$78.6M

Previous: $60.1M+30.8%
Gross Profit

$226M

Previous: $232M-2.7%
Cash & Equivalents

$121M

Previous: $129M-5.9%
Total Assets

$3.74B

Previous: $4.11B-9.1%
Stock-Based Comp

$2.61M

Previous: $4M-34.7%

Revenue & EPS history

Red Rock Resorts · Revenue · Quarterly

$343M

Q4 2020-25.5%vs Q4 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Red Rock Resorts · $318M total across 4 segments · Q4 2020

  • Casino
    $241M-6.0%
  • Food and beverage
    $43.7M-60.5%
  • Room
    $19.4M-58.5%
  • Other
    $14M-46.4%

Forward guidance

The company did not provide specific forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-0.1%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+1.5%

Avg return

30 days after

48%

20 / 42 earnings

Positive

+16.5%

Q1 2020

Best reaction

-11.6%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.2%-5.6%+4.1%
Q4 2025-2.9%-7.8%-13.4%
Q3 2025-11.6%-8.7%-1.1%
Q1 2025+3.4%+4.1%+13.7%
Q4 2024+1.3%+3.7%-11.5%
Q3 2024-5.9%-7.4%-12.5%
Q2 2024-4.5%-2.1%-7.1%
Q1 2024-7.4%-7.4%-6.4%
Q4 2023+5.2%+7.6%+4.1%
Q3 2023+1.8%+1.4%+8.9%
Q2 2023-5.5%-8.1%-6.8%
Q1 2023+1.8%-0.9%-0.8%
Q4 2022-0.9%+0.1%-6.0%
Q3 2022+5.3%+6.2%+13.9%
Q2 2022-0.7%+3.6%-5.6%
Q1 2022-8.1%-12.8%-11.6%
Q4 2021+2.7%+7.8%+4.3%
Q3 2021-9.5%-8.6%-11.7%
Q2 2021-1.1%-3.6%+14.5%
Q1 2021+3.1%+5.0%+21.7%
Q4 2020-0.3%+2.7%+24.1%
Q3 2020-8.1%-2.3%+13.1%
Q2 2020+7.1%+19.1%+47.6%
Q1 2020+16.5%+29.9%+27.8%
Q4 2019+10.8%+6.6%-33.4%
Q3 2019-6.9%-6.6%-2.1%
Q2 2019-7.5%+0.2%+11.5%
Q1 2019-5.6%-4.2%-22.8%
Q4 2018+4.3%+6.2%-1.9%
Q3 2018+4.7%-5.2%-4.6%
Q2 2018-1.2%-3.0%-5.4%
Q1 2018+7.2%+8.4%+14.1%
Q4 2017-3.0%-5.9%-15.2%
Q3 2017+6.3%+6.3%+26.0%
Q2 2017-4.4%-7.9%-5.3%
Q1 2017-1.3%-1.0%+1.9%
Q4 2016-4.8%-2.8%-0.1%
Q3 2016+2.5%+2.7%+7.0%
Q4 2015+4.6%+3.5%-4.4%
Q2 2015+4.6%+3.5%-4.4%
Q2 2016+4.6%+3.5%-4.4%
Q1 2016+1.5%+3.8%+2.7%
Q3 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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