Boyd Gaming BYD released its Q2 earnings on Thursday, July 25, 2024 at 04:05 PM.
Here's what's important from the earnings announcement.
Earnings
Boyd Gaming beat estimated earnings by 6.0%, reporting an EPS of $1.58 versus an estimate of $1.49.
Revenue was up $50.56 million from the same period last year.
Performance in Previous Earnings
In the previous quarter, the company missed on EPS by $0.06, resulting in a 15.0% drop change in the share price the following day.
Here's a look at Boyd Gaming's past performance:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|
| EPS Estimate | 1.49 | 1.57 | 1.47 | 1.47 | 1.65 |
| EPS Actual | 1.58 | 1.51 | 1.66 | 1.36 | 1.58 |
| Revenue Estimate | 909.06M | 958.74M | 930.47M | 879.82M | 913.29M |
| Revenue Actual | 967.51M | 960.52M | 954.41M | 903.16M | 916.95M |
Recent Earnings Releases from Competitors
As we review Boyd Gaming's earnings, it's important to put its results into perspective by comparing them to those of its competitors, such as Wynn Resorts, Genius Sports, and PlayAGS.
- On August 06, 2024, Wynn Resorts unveiled earnings that were below market expectations, with an actual EPS of $1.12 compared to an estimated EPS of $1.21, resulting in a -7.44% decrease.
- Despite market projections of an EPS of $-0.03, Genius Sports's earnings on August 06, 2024 fell short with an actual EPS of $-0.09, representing a -200.0% decrease from expectations.
- PlayAGS's earnings announcement on May 09, 2024 exceeded expectations, with an actual EPS of $0.1 compared to the market's projected EPS of $-0.04, resulting in a 350.0% increase.
Comprehensive Analysis: Competitors' Quarterly Earnings and Stock Performance
This insightful analysis provides an overview of the market's responses to the latest earnings releases from key competitors. It presents the projected and actual earnings per share (EPS) figures for each company, alongside the associated stock prices at the close of the announcement day and the opening 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 | July 25, 2024 | 1.49 | 1.58 | 6.04% | $58.53 | $63.5 | 8.49% |
| Wynn Resorts | August 06, 2024 | 1.21 | 1.12 | -7.44% | $76.29 | $78.5 | 2.9% |
| Genius Sports | August 06, 2024 | -0.03 | -0.09 | -200.0% | $6.65 | $6.9 | 3.76% |
| PlayAGS | May 09, 2024 | -0.04 | 0.10 | 350.0% | $11.34 | $11.45 | 0.97% |
Comparative Study: Estimated in Contrast with Actual Peer Revenues### Peer Revenue Assessment: Estimated vs. Actual Performance Comparison
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 | 909.06M | 967.51M | 6.43% |
| Wynn Resorts | 1.77B | 1.73B | -2.09% |
| Genius Sports | 94.21M | 95.45M | 1.31% |
| PlayAGS | 87.39M | 95.97M | 9.82% |
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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