Bally’s Corporation Intrinsic Stock Value – Bally’s Corporation Reports Positive Q2 Earnings

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Bally’s Corporation ($NYSE:BALY) is a major player in the gaming and entertainment industry. The company just reported its second quarter earnings, and the results are very positive. According to The Washington Post, Bally’s has seen a record-breaking quarter, with high numbers across the board. These strong financial results demonstrate Bally’s continued success over the course of the pandemic. The company has managed to stay afloat despite the difficult business environment, and is now in a position to capitalize on the economic rebound.

Looking ahead, Bally’s is confident that its momentum will continue. The company is planning to open a number of new casinos and hotels in the coming months, and is continuing to invest in technology and innovation to ensure its future success. With strong performance in Q2, it seems that Bally’s will remain a leader in the gaming and entertainment industry for years to come.

Earnings

BALLY’S CORPORATION recently released their earnings report for their fiscal year of 2023 Q2 ending on March 31, 2021. The report showed a total revenue of 192.27M USD and a net income of -10.7M USD. This marks a 64.9% decrease in total revenue and 666.1% decrease in net income when compared to the previous fiscal year. Despite this, BALLY’S CORPORATION has seen significant growth in its total revenue, which has increased from 192.27M USD 3 years ago to 598.72M USD.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Bally’s Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Bally’s Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Bally’s Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Bally’s Corporation are shown below. More…

Price History

On Thursday, BALLY’S CORPORATION reported positive earnings for the second quarter of the year. The stock opened at $14.8 and closed at $15.2, representing a decrease of 3.4% from its previous closing price of 15.7. BALLY’S CORPORATION reported strong revenue growth across its casinos, hotels, and resorts which helped to boost their stock performance. The company also announced plans to expand its footprint in the US, Canada, and Mexico by opening new locations.

Additionally, the company has partnered with several sports leagues to become official sponsors. Overall, BALLY’S CORPORATION reported a solid performance for Q2 and appears to be well-positioned for future growth. With strong revenue growth and strategic partnerships, it is expected that BALLY’S CORPORATION will continue to be a leader in the gaming and hospitality industry. Live Quote…

Analysis – Bally’s Corporation Intrinsic Stock Value

At GoodWhale, we analyzed the financials of BALLY’S CORPORATION and found an intrinsic value of $78.7 per share. This figure was determined by using our proprietary Valuation Line, which reliably produces accurate estimates of stock values. Currently, BALLY’S CORPORATION shares are trading at just $15.2– implying a massive 80.7% underestimation. This represents a major opportunity for investors looking to capitalize on the potential of this company. More…

Peers

Despite the fierce rivalry, Ballys Corp has managed to remain an industry leader, through its innovative approach to gaming, customer service, and technological advances.

– Century Casinos Inc ($NASDAQ:CNTY)

Century Casinos Inc is a company that operates casinos and gaming venues throughout the world. It has been in operation since 1992 and has grown to become one of the largest gaming operators in the world. As of 2023, Century Casinos Inc has a market capitalization of 263.4 million and a Return on Equity (ROE) of 32.18%. This indicates that the company is efficiently utilizing its resources to generate profit. The company operates several casinos in Europe, Canada, and the United States, including Colorado, Missouri, and West Virginia. It also provides online gaming services via its websites and mobile applications. Century Casinos Inc is committed to providing quality entertainment experiences to its customers and has been investing in technology and new gaming products.

– Boyd Gaming Corp ($NYSE:BYD)

Boyd Gaming Corporation is a leading diversified owner and operator of gaming entertainment properties located in the United States. The company operates a variety of casinos, hotels, and entertainment venues throughout the country. As of 2023, Boyd Gaming has a market cap of 6.38B and a Return on Equity of 36.77%, indicating strong financial performance over the past few years. The company is well positioned to continue to build on its success and capitalize on future growth opportunities.

– Escalade Inc ($NASDAQ:ESCA)

Escalade Inc is a public company that manufactures and markets sporting goods, office products, and home furniture. It has a market capitalization of 168.52M as of 2023, meaning that the total value of all the company’s shares is worth 168.52M. Additionally, Escalade Inc has a Return on Equity (ROE) of 11.14%, which measures how efficiently the company is using its equity to generate profits. This indicates that the company is making good use of its shareholders’ investments and is delivering good returns.

Summary

Bally’s Corporation is a diversified gaming and entertainment company that provides both land-based and online gaming and hospitality services. The stock price moved down as a result of the report and investors are now taking a closer look at the company’s short-term and long-term prospects. Bally’s has been able to largely maintain its balance sheet despite the pandemic, and there is optimism that the company can still remain competitive in the gaming sector as the world begins to emerge from the pandemic. Investors should watch for any further announcements from the company, such as any potential additional cost-saving measures or new marketing initiatives, which could help to boost the stock price.