Why Is Red Rock Resorts (RRR) Down 6.8% Since Last Earnings Report?
Red Rock Resorts reported Q2 2026 earnings and revenues that beat consensus estimates, with EPS of 67 cents versus 33 cents expected and revenues of $510.3 million versus $497 million expected. However, both metrics declined year-over-year, with casino, food and beverage, and room revenues all declining. Operating margins contracted significantly as expenses rose faster than revenues, leading to a 29.3% decline in net income. The stock has underperformed the S&P 500 by 6.8% since the earnings release, with analyst estimates trending downward and the stock assigned a Zacks Rank #3 (Hold) rating.