EPS for Red Rock Resorts, Inc. (RRR) Expected At $0.37; Summit Midstream Partners LP Has 1.24 Sentiment

April 17, 2018 - By Kurt Siggers

Analysts expect Red Rock Resorts, Inc. (NASDAQ:RRR) to report $0.37 EPS on May, 3.They anticipate $0.07 EPS change or 23.33% from last quarter’s $0.3 EPS. RRR’s profit would be $42.87M giving it 20.10 P/E if the $0.37 EPS is correct. After having $0.33 EPS previously, Red Rock Resorts, Inc.’s analysts see 12.12% EPS growth. The stock increased 0.64% or $0.19 during the last trading session, reaching $29.75. About 57,001 shares traded. Red Rock Resorts, Inc. (NASDAQ:RRR) has risen 34.45% since April 17, 2017 and is uptrending. It has outperformed by 22.90% the S&P500.

Summit Midstream Partners LP (SMLP) investors sentiment increased to 1.24 in 2017 Q4. It’s up 0.41, from 0.83 in 2017Q3. The ratio improved, as 31 active investment managers increased or opened new positions, while 25 trimmed and sold equity positions in Summit Midstream Partners LP. The active investment managers in our database now have: 36.88 million shares, up from 35.75 million shares in 2017Q3. Also, the number of active investment managers holding Summit Midstream Partners LP in top ten positions was flat from 1 to 1 for the same number . Sold All: 8 Reduced: 17 Increased: 19 New Position: 12.

Red Rock Resorts, Inc., through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. The company has market cap of $3.45 billion. It operates through two divisions, Las Vegas activities and Native American management. It has a 70.67 P/E ratio. The firm develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market.

Since January 1, 0001, it had 1 insider purchase, and 2 sales for $149,525 activity.

Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in North America. The company has market cap of $1.16 billion. The firm provides natural gas gathering, treating, and processing services. It has a 15.92 P/E ratio. It operates in five unconventional resource basins, including the Appalachian Basin, which comprises the Utica and Point Pleasant shale formations in southeastern Ohio, and the Marcellus Shale formation in northern West Virginia; the Williston Basin that consists the Bakken and Three Forks shale formations in northwestern North Dakota; the Fort Worth Basin, which includes the Barnett Shale formation in north-central Texas; the Piceance Basin that comprises the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado and eastern Utah; and the DJ Basin, which includes the Niobrara shale formation in northeastern Colorado.

The stock increased 2.30% or $0.35 during the last trading session, reaching $15.6. About 92,806 shares traded. Summit Midstream Partners, LP (SMLP) has declined 38.73% since April 17, 2017 and is downtrending. It has underperformed by 50.28% the S&P500.

Ratings analysis reveals 50% of Summit Midstream Partners’s analysts are positive. Out of 2 Wall Street analysts rating Summit Midstream Partners, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. SMLP was included in 2 notes of analysts from September 6, 2016. The firm earned “Neutral” rating on Friday, January 27 by Credit Suisse. As per Tuesday, September 6, the company rating was maintained by RBC Capital Markets.

Analysts await Summit Midstream Partners, LP (NYSE:SMLP) to report earnings on May, 3. They expect $0.07 earnings per share, down 56.25% or $0.09 from last year’s $0.16 per share. SMLP’s profit will be $5.22 million for 55.71 P/E if the $0.07 EPS becomes a reality. After $0.25 actual earnings per share reported by Summit Midstream Partners, LP for the previous quarter, Wall Street now forecasts -72.00% negative EPS growth.

Summit Midstream Partners, LP (NYSE:SMLP) Institutional Positions Chart

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