Analyst Ratings for Eldorado Resorts Inc. (ERI)

Updated: 2017-07-28

Shares of Eldorado Resorts Inc. (NASDAQ:ERI) have received a consensus rating of Buy from Wall Street analysts. Last month, ERI received an average rating of Buy.

A buy rating was issued by 4 analysts, 0 issued an overweight rating, 1 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. During this time, the number of analysts bearish on the stock has increased by 0.

Investment analysts gave a few price targets for ERI. The most optimistic price target was 26, which equates to a potential upside of 30 percent. The most pessimistic analyst gave a price target of 20, implying a possible loss of 0 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 11.45 percent. The average change in earnings estimates over the last 90 days is 11.36 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.61 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -21.07 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 1 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

ERI has an estimated earnings growth rate of 44.97 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. ERI has a PEG ratio of 0.95.

In the last 52-weeks, ERI has achieved a high of 21.83 and a low of 10.65. Currently the stock is 87.79 percent higher than its low, and 8.38 percent below the high. ERI has a price/earnings ratio of 42.55. Investors typically compare the P/E ratio to a company's peers in the industry. The ERI value stock report compares ERI to some of its peers using value stock charts. The market cap of ERI is $1.53 billion. ERI will post this quarters earnings in days, on 0000-00-00.