Back to top

Image: Bigstock

Boyd Gaming (BYD) Dips More Than Broader Markets: What You Should Know

Read MoreHide Full Article

Boyd Gaming (BYD - Free Report) closed at $61.37 in the latest trading session, marking a -1.13% move from the prior day. This change lagged the S&P 500's 0.14% loss on the day.

Heading into today, shares of the casino operator had gained 7.57% over the past month, outpacing the Consumer Discretionary sector's gain of 2.24% and the S&P 500's gain of 3.13% in that time.

Wall Street will be looking for positivity from BYD as it approaches its next earnings report date. In that report, analysts expect BYD to post earnings of $1.19 per share. This would mark year-over-year growth of 213.16%. Meanwhile, our latest consensus estimate is calling for revenue of $833.52 million, up 27.79% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $4.68 per share and revenue of $3.31 billion, which would represent changes of +3220% and +51.74%, respectively, from the prior year.

Any recent changes to analyst estimates for BYD should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.93% higher. BYD is holding a Zacks Rank of #1 (Strong Buy) right now.

Investors should also note BYD's current valuation metrics, including its Forward P/E ratio of 13.27. This represents a discount compared to its industry's average Forward P/E of 23.91.

It is also worth noting that BYD currently has a PEG ratio of 0.33. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Gaming industry currently had an average PEG ratio of 0.33 as of yesterday's close.

The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 34% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Boyd Gaming Corporation (BYD) - free report >>

Published in