Boyd Gaming Q1 Earnings Miss Estimates
Boyd Gaming (NYSE: BYD) came out with quarterly earnings of $1.51 per share, missing the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.71 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -3.82%. A quarter ago, it was expected that this casino operator would post earnings of $1.43 per share when it actually produced earnings of $1.66, delivering a surprise of 16.08%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Boyd, which belongs to the Zacks Gaming industry, posted revenues of $960.52 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 1.40%. This compares to year-ago revenues of $963.97 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Boyd …
Full story available on Benzinga.com