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.
Earnings History Overview
During the previous quarter, the company beat on EPS by $0.09, 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 |
Peer Performance in Recent Earnings
With Boyd Gaming's earnings data now available, it's crucial to gauge how its competitors, including PENN Entertainment, Golden Entertainment, and Inspired Entertainment, have been performing.
- PENN Entertainment, earnings revealed on August 08, 2024, exhibited robust performance this quarter. Contrary to the market's projected EPS of $-0.26, PENN Entertainment exceeded expectations with an EPS of $-0.18, reflecting an increase of 30.77% compared to estimates. This outcome is likely to gain investor confidence
- The latest earnings report from Golden Entertainment on August 08, 2024 showed a downturn in performance, with results falling short of expectations. Despite the market's EPS estimate of $0.21, Golden Entertainment reported an EPS of $0.02, marking a -90.48% decrease.
- Inspired Entertainment's earnings on August 08, 2024 exceeded market projections, revealing an EPS of $0.2 compared to the estimated EPS of $0.1, resulting in a 100.0% increase.
Reviewing Competitors' Quarterly Earnings and Stock Performance
The provided analysis offers 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 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% |
Analysis of Peer Revenue Discrepancy: Estimated vs. Announced
Here's a comparison table presenting estimated and announced revenue figures for Boyd Gaming's peers. This comparison 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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