Webinar starting at 11am EDT: U.S. Gaming, Leisure & Lodging 2Q26 Earnings Preview

Research evidence excerpt

Webinar starting at 11am EDT: U.S. Gaming, Leisure & Lodging 2Q26 Earnings Preview

We expect a mixed earnings season, with local spend

continuing to outshine destinations. We like Regionals (PENN,

CHDN) and Digital (DKNG) into prints. Moving to sidelines on

CZR on unlikelihood it accepts a topping bid.

Cruise Lines: 2Q26 Preview: Scattered Squalls »

Fuel price drop should handily carry EPS beats and raises this

2Q; however, we expect another round of 2H implied yield

trimming (RCL) on account of softer Caribbean checks. Even

so, market is braced for this in our view, so bar is sufficiently

low at this point heading into the prints.

Meet the Analyst

Brandt Montour, CFA, is a director and research analyst

covering U.S. Gaming, Lodging & Leisure. Prior to joining

Barclays in 2021, Brandt worked at JPMorgan in both

Equity and Fixed Income across Research, Sales and

Trading. In Research since 2015, he was part of JPMorgan’s

Gaming & Lodging team, which was ranked #1 by

Institutional Investor from 2015 to 2021. Most recently,

Brandt was ranked runner-up by Extel for Gaming and

Lodging in 2025, as well as for Leisure (analyst level). He

holds a BSE in Engineering, magna cum laude, from the

University of Michigan.

View Analyst Page

U.S. Gaming, Leisure & Lodging

Brandt Montour, CFA Elizabeth Heffern

+1 212 526 9947 +1 212 526 3592

BCI, US BCI, US

Kristi Martiko, CFA William Wei

+1 212 526 7672 +1 212 526 7591

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