Insights into Boyd Gaming Q3 Earnings
The Q3 earnings report for Boyd Gaming BYD was released on Thursday, October 24, 2024 at 04:05 PM.
Here’s what investors need to know about the latest announcement.
Earnings
Boyd Gaming beat estimated earnings by 10.0%, reporting an EPS of $1.52 versus an estimate of $1.38.
Revenue was up $58.08 million from the same period last year.
Analysis of Past Earnings
The company beat on EPS by $0.09 in the previous quarter, leading to a 4.0% increase share price change the next day.
Here’s a look at Boyd Gaming’s past performance:
| Quarter | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|
| EPS Estimate | 1.38 | 1.49 | 1.57 | 1.47 | 1.47 |
| EPS Actual | 1.52 | 1.58 | 1.51 | 1.66 | 1.36 |
| Revenue Estimate | 912.95M | 909.06M | 958.74M | 930.47M | 879.82M |
| Revenue Actual | 961.25M | 967.51M | 960.52M | 954.41M | 903.16M |
Comparison of Competitors’ Recent Earnings
As we analyze Boyd Gaming’s earnings, it’s important to contextualize its numbers by examining how it fares against its industry rivals, such as PENN Entertainment, Golden Entertainment, and Inspired Entertainment.
- PENN Entertainment’s earnings announcement on August 08, 2024 exceeded expectations, with an actual EPS of $-0.18 compared to the market’s projected EPS of $-0.26, resulting in a 30.77% increase.
- Despite market projections of an EPS of $0.21, Golden Entertainment’s earnings on August 08, 2024 fell short with an actual EPS of $0.02, representing a -90.48% decrease from expectations.
- The latest earnings announcement from Inspired Entertainment on August 08, 2024 exceeded expectations, with an actual EPS of $0.2 compared to the market’s estimate of $0.1, resulting in a 100.0% increase.
Quarterly Analysis: Competitors’ Earnings and Stock Performance
Insights into the market’s response to the latest earnings releases of key competitors are provided in this analysis. It highlights the expected and announced earnings per share (EPS) for each company, along with their corresponding stock prices at the close of the announcement day and the open of the following trading day.
| Company Name | Date | EPS Expected | EPS Announced | EPS Change Percent | Stock Price At Close | Stock Price at Next Day Open | Price Change Percent |
|---|---|---|---|---|---|---|---|
| Boyd Gaming | October 24, 2024 | 1.38 | 1.52 | 10.14% | $64.31 | $69.96 | 8.79% |
| PENN Entertainment | August 08, 2024 | -0.26 | -0.18 | 30.77% | $18.72 | $18.83 | 0.59% |
| Golden Entertainment | August 08, 2024 | 0.21 | 0.02 | -90.48% | $28.12 | $27.42 | -2.49% |
| Inspired Entertainment | August 08, 2024 | 0.10 | 0.20 | 100.0% | $8.48 | $8.39 | -1.06% |
Analyzing Peer Revenue Discrepancy: Estimated vs. Announced
The following table compares estimated and announced revenue figures for Boyd Gaming’s peers. This comparison provides insights into the revenue performance of these companies, offering valuable context to understand their financial standing within the industry.
| Company Name | Estimated Revenue | Announced Revenue | Revenue Surprise Percentage |
|---|---|---|---|
| Boyd Gaming | 912.95M | 961.25M | 5.29% |
| PENN Entertainment | 1.66B | 1.66B | 0.18% |
| Golden Entertainment | 174.60M | 167.33M | -4.16% |
| Inspired Entertainment | 74.41M | 75.60M | 1.6% |
To track all earnings releases for Boyd Gaming visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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