Boyd Gaming (NYS: BYD) reported earnings on Nov. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Boyd Gaming missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Boyd Gaming logged revenue of $613.3 million. The 16 analysts polled by S&P Capital IQ expected revenue of $629.7 million on the same basis. GAAP reported sales were 3.9% higher than the prior-year quarter's $590.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.11. The 16 earnings estimates compiled by S&P Capital IQ averaged -$0.02 per share. GAAP EPS were -$0.18 for Q3 compared to $0.04 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 47.5%, 180 basis points worse than the prior-year quarter. Operating margin was 7.8%, 410 basis points worse than the prior-year quarter. Net margin was -2.6%, 310 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $588.7 million. On the bottom line, the average EPS estimate is -$0.13.
Next year's average estimate for revenue is $2.46 billion. The average EPS estimate is -$0.10.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 374 members out of 432 rating the stock outperform, and 58 members rating it underperform. Among 108 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give Boyd Gaming a green thumbs-up, and 19 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Boyd Gaming is hold, with an average price target of $5.99.
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The article Boyd Gaming Goes Red originally appeared on Fool.com.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.