earnings before interest, taxes, depreciation and amortization (EBITDA).
Bally’s Atlantic City. Analysts say weakness in the stock could soon abate. (Image:
NJ.com)
Some analysts are sticking up for the casino stock after EBITDA for the first three months of the year came in slightly ahead of a previously released forecast. It was supported as Bally’s management delivered enthusiastic commentary on March and April land-based casino visitation trends.
A significant part of Bally’s stock thesis is the company’s ongoing push into the fast-growing internet casinos and online sports betting sector. While the operator’s moves on those fronts are well-documented, one analyst argues they aren’t adequately reflected in the shared price.