Caesars Entertainment Corporation CZR is scheduled to report first-quarter 2020 results on May 11, after market close. In the last-reported quarter, the company delivered a negative earnings surprise of 333.3%. 

How Are Estimates Placed?

The Zacks Consensus Estimate for first-quarter bottom line is pegged at a loss of 17 cents per share, suggesting an improvement from the loss of 32 cents recorded in the year-ago quarter. For revenues, the consensus mark is pegged at $1,992 million, indicating a decline of 5.8% from the year-ago figure.

Let’s take a look at how things have shaped up in the quarter.

Caesars Entertainment Corporation Price and EPS Surprise

 

Caesars Entertainment Corporation Price and EPS SurpriseMore

Caesars Entertainment Corporation price-eps-surprise | Caesars Entertainment Corporation Quote

Factors at Play

The coronavirus pandemic is expected to have materially

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