Boyd Gaming BYD announced its Q3 earnings on Thursday, October 24, 2024 at 04:05 PM.
Here's a breakdown of the earnings report.
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 last quarter, resulting in a 4.0% increase share price change 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 |
Peer Performance in Recent Earnings
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'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.
- Golden Entertainment announced earnings on August 08, 2024, revealing results below market expectations. Despite the market's anticipation of an EPS of $0.21, Golden Entertainment's actual EPS was $0.02, resulting in a -90.48% decrease compared to 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.
Insights: Competitors' Quarterly Earnings and Stock Performance
This analytical review offers valuable insights into how the market has perceived the most recent earnings updates from major competitors. It outlines the forecasted and disclosed earnings per share (EPS) for each company, as well as the related stock prices at the end of the announcement day and the start 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% |
Analysis of Peer Revenue Discrepancy: Estimated vs. Announced
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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