Analysts lower expectations for third-quarter earnings

In an investor note released Tuesday, J.P. Morgan analyst Daniel Politzer wrote, “we see little to get excited about” regarding third-quarter earnings by gaming companies, The same day, Truist Securities analyst Barry Jonas also expressed subdued, if somewhat more upbeat, expectations for the quarter. While the gaming sector usually has diverse earnings propellants, Politzer continued, “Right now, conditions are tough across the board.” Although valuations for regional-casino stocks were depressed 16% from late 2025, he felt they were stable and still the best bet.