Boyd Gaming Earnings Preview
While Boyd Gaming (NYS: BYD) missed estimates last quarter, investors hope that it will bounce back and outpace Wall Street expectations this quarter. The company will unveil its latest earnings on Tuesday, April 24. Boyd Gaming owns and operates casino entertainment facilities located in Nevada, Mississippi, Illinois, Louisiana, and Indiana.
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on Boyd Gaming, with 11 of 18 analysts rating it hold. Analysts don't like Boyd Gaming as much as competitor Pinnacle Entertainment overall. Thirteen out of 18 analysts rate Pinnacle Entertainment a buy compared to three out of 18 for Boyd Gaming.
- Revenue forecasts: On average, analysts predict $623.7 million in revenue this quarter. That would represent a rise of 10.4% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.08 per share. Estimates range from $0.05 to $0.11.
What our community says:
CAPS All-Stars are in strong support of the stock, with 84.3% granting it an outperform rating. The greater community backs the All-Stars, as 86.6% give it a rating of outperform. Boyd Gaming's bearish CAPS rating of two out of five stars falls short of the Fool community sentiment.
A year-over-year revenue increase last quarter snaps a streak of two consecutive quarters of revenue declines. Revenue rose 9.9% in the fourth quarter of the last fiscal year, and fell 0.9% in the third quarter of the last fiscal year and 0.7% in the second quarter of the last fiscal year.
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At the time this article was published