Red Rock Resorts rises as ordinary session and upcoming earnings date draw attention

What happened

Red Rock Resorts (RRR) rose 1.4% on October 12, 2026, in an ordinary session as investors weighed upcoming earnings and an announced November earnings call. The stock closed at $50.18 after it opened 0.3% below the previous close. Trading volume was 0.4 times its 20-day average while the S&P 500 fell 0.1% on the day.

How big was the move

The stock's 1.4% gain amounted to 0.7 times a typical daily move for this stock, an ordinary session by the measure of recent volatility. Over the last five sessions the stock fell 1.7%, while the S&P 500 over five sessions rose 0.4%, leaving the stock 28.6 percentage points behind the S&P 500 over the one-year horizon. Compared with its sector, the Consumer Cyclical sector median on the day was unchanged, leaving the stock 1.4 percentage points better than the sector median. The stock's market sensitivity was reflected in a beta of 0.86, meaning the stock tends to move less than the market.

The technical picture

The stock remained below its moving averages: 1.1% below its 20-day moving average, 10.6% below its 50-day moving average and 14.9% below its 200-day moving average. The 50-day average is below the 200-day average, a sign of a weak longer-term trend. The Relative Strength Index (14 days) was 41 (between 30 and 70, a neutral range). Price performance showed declines across multiple horizons: fell 10.2% over one month, fell 21.6% over three months and fell 12.7% over one year; the stock was 27.3% below the 52-week high. Volatility was 30% annualized over 60 days, lower than 84% of its own readings over five years, underscoring a recent easing of price swings even as the trend has weakened.

Fundamentals and valuation

For the four quarters through June 30, 2026, revenue was $2.00 billion, which grew 0.9% from a year earlier. Diluted earnings per share were $2.83, and earnings per share growth from a year earlier rose 26.9%. Gross margin was 56.7% (a year earlier: 61.9%) and operating margin was 27.7% (a year earlier: 29.9%). Free-cash-flow margin was 26.8% and return on invested capital was 12.2%. The balance sheet showed net debt of 4.5 times EBITDA, and share count over one year decreased by 42.8%.

Those fundamentals point to a company generating healthy cash returns while carrying leverage on its balance sheet. Free-cash-flow yield was 18.6%, a measure that can make the stock attractive to income-focused investors. At the same time, net debt of 4.5 times EBITDA suggests leverage that investors will likely watch alongside upcoming quarterly results.

Valuation measures showed the stock trading at 17.7 times trailing earnings and 18.5 times expected earnings. Versus its own history, the price to trailing earnings was lower than 57% of its own readings over the past five years (five-year median: 19.8 times earnings). Those figures indicate the stock is trading below its five-year median valuation on a price-to-earnings basis, while still reflecting expectations for continued earnings power.

PromtFinance scores ranked the company within the sector: Value 72 (Positive), Growth 61 (Neutral), Quality 94 (Exceptional), Momentum 38 (Weak), Revisions 97 (Exceptional) and Stability 68 (Positive). The combination of high Quality and Revisions scores alongside weak Momentum captures a contrast: analysts and fundamentals point favorably, even as price action has lagged.

Earnings and analyst expectations

The company last reported on August 4, 2026, with earnings per share of $0.67 against $0.51 expected, 32.4% above estimates. That result extended a streak of five consecutive quarters beating estimates, with an average surprise over the last four reports of 59.9% above estimates. Typical two-day reaction after recent reports was rose 0.1%.

The next report was scheduled for October 27, 2026. Separately, Red Rock Resorts said it will release third-quarter 2026 financial results on Tuesday, November 3, 2026, and will hold a conference call the same day at 4:30 p.m. ET (1:30 p.m. PT), according to GuruFocus and PRNewsWire. Investors tracking the stock will watch whether continued earnings beats and strong free-cash-flow translate into upward guidance or balance-sheet improvements.

Analysts provided a consensus price target of $71.50, which was 42.5% above the closing price. Thirty analysts had ratings on the stock and 73% of ratings were Buy, leaving a consensus rating of Buy. That gap between the consensus target and the market price frames why upcoming reports and the November call could be catalysts for traders and longer-term investors alike.

What to watch

• October 27, 2026: next scheduled earnings report.
• November 3, 2026: release of third-quarter 2026 financial results and conference call at 4:30 p.m. ET (1:30 p.m. PT).
• Consensus price target of $71.50, 42.5% above the closing price.