Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for July, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- FED Front & Center Again
- Roundtable Top Picks of the Week
- RTI: Sector Strength Charts - Where's the Opportunity Now?
- Surging Financial ETFs Beating the Market
- Utility Industry Stock Outlook - June 2013
- 3 Japanese Stocks to Buy Now
- Your Next Stock Should Be Making New Highs
- Anatomy of Success: Stoneridge (SRI)
- RTI: What Will the Fed Do Wednesday?
- AWS 6/19: Will Bernanke Clarify Matters Today?
- PFP 6/19: Investors Bold in Wake of the Fed
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 06/19/2013
| Company Name | Symbol | %Change |
|---|---|---|
| LUMOS NETWOR | LMOS | 5.64% |
| SUPPORTCOM I | SPRT | 3.97% |
| ABRAXAS PETR | AXAS | 3.13% |
| HOOKER FURNI | HOFT | 3.12% |
| SUMITOMO MIT | SMFG | 3.03% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
Company Description
Churchill Downs, Inc. is best known for its horse-racing facilities, but the company also operates electronic gaming systems and owns a casino and a hotel. Churchill Downs was founded in 1928 and has a market cap of $872 million.
Churchill Down began trending higher in early October with the market. But shares got an extra boost in early December after the company reported strong Q3 results that came in ahead of expectations.
Third-Quarter Results
Revenue for the period was up 13% from last year to $166 million. Earnings also came in strong at $1.16, 274% ahead of the Zacks Consensus Estimate.
The revenue gain was driven by Churchill acquisition of Harlow's Casino and Hotel, contributing $13 million to the top line. Churchill is seeing better results in its online operation, with Twinspires.com seeing a 4.2% wager increase from last year while total wagering on US Thoroughbred races fell 7.4%.
Financial Profile
The company took on a little debt to get the Harlow's deal done, pushing total debt up $32 million to $167 million while cash and short-term investments held steady at $77 million.
Estimates
We've seen some decent movement in estimates over the last few months, with the current year adding 9 cents to $2.49 while the next-year estimate tacked on 4 cents to $2.83, a bullish 14% growth projection.
Valuation
With a PEG ratio of 1.43, CHDN trades at a premium to the benchmark of 1 for value.
12-Month Chart
On the chart, shares have been rallying for the last three months, recently hitting a new multi-year high on the good quarter. Take a look below.
Michael Vodicka is the Momentum Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Whisper Trader Service.
Get the full Snapshot Report on CHDN - FREE