Boyd Gaming BYD released its Q3 earnings on Thursday, October 24, 2024 at 04:05 PM.
Here's what's important from the earnings 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.
Historical Earnings Summary
In the previous quarter, the company beat on EPS by $0.09, resulting in a 4.0% increase change in the share price the following 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 |
Competitors' Recent Earnings Updates
With Boyd Gaming's earnings data in hand, it's essential to compare its metrics to those of similar companies, including PENN Entertainment, Golden Entertainment, and Inspired Entertainment.
- PENN Entertainment announced strong earnings on August 08, 2024, surpassing market expectations. Despite an estimated EPS of $-0.26, PENN Entertainment's actual EPS was $-0.18, reflecting 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.
- Inspired Entertainment's earnings announcement on August 08, 2024 exceeded expectations, with an actual EPS of $0.2 compared to the market's projected EPS of $0.1, resulting in a 100.0% increase.
Comprehensive Analysis: Competitors' Quarterly Earnings and Stock Performance
This analysis provides insights into the market's response to the latest earnings releases of key competitors. It highlights the expected and announced earnings per share (EPS) for each company, along with the 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% |
Peer Revenue Comparison: Estimated vs. Announced Revenue
This table presents a comparison of estimated and announced revenue figures for Boyd Gaming's peers. It offers insights into the revenue performance of these companies, providing valuable context for understanding 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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