Shares of Caesars Entertainment (NASDAQ:CZR) fell in after-hours trading after the company reported earnings for its first quarter of Fiscal Year 2023. Earnings per share came in at -$0.63, which missed analysts’ consensus estimate of -$0.01 per share.
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Sales increased by 21.7% year-over-year, with revenue hitting $2.8 billion. This beat analysts’ expectations of $2.76 billion.
Overall, Wall Street has a consensus price target of $73.63 on Caesars Entertainment stock, implying 65.16% upside potential, as indicated by the graphic above.