NasdaqGS:RRRHospitality
Red Rock Resorts (RRR) Margin Expansion Reinforces Bullish Narratives Despite Slower Earnings Growth
Red Rock Resorts (RRR) delivered net profit margins of 9.5%, up from 8.6% last year, highlighting an ongoing improvement in earnings quality. The company has achieved 20.7% average annual earnings growth over the past five years and remains profitable, with the most recent yearly earnings growth at 16%. Investors will be watching how this strong margin expansion and consistent track record, alongside a current valuation that sits below some analyst targets and internal fair value estimates,...