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Compared to Estimates, Churchill Downs (CHDN) Q4 Earnings: A Look at Key Metrics
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Churchill Downs (CHDN - Free Report) reported $561.2 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 16.9%. EPS of $0.86 for the same period compares to $0.73 a year ago.
The reported revenue represents a surprise of +1.79% over the Zacks Consensus Estimate of $551.35 million. With the consensus EPS estimate being $0.68, the EPS surprise was +26.47%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Churchill Downs performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Gaming: $230.20 million versus $224.03 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +8.5% change.
Revenue- TwinSpires: $110.60 million versus the three-analyst average estimate of $104.73 million. The reported number represents a year-over-year change of +17.3%.
Revenue- Live and Historical Racing: $235.30 million versus the three-analyst average estimate of $221.33 million. The reported number represents a year-over-year change of +30.1%.
Revenue- All Other: $0.20 million versus $0.20 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -50% change.
Adjusted EBITDA- All Other: -$18.10 million versus the three-analyst average estimate of -$19.03 million.
Adjusted EBITDA- Gaming: $113.40 million compared to the $111.77 million average estimate based on three analysts.
Adjusted EBITDA- TwinSpires: $34.90 million compared to the $30.30 million average estimate based on three analysts.
Adjusted EBITDA- Live and Historical Racing: $88.90 million versus $82.80 million estimated by three analysts on average.
Shares of Churchill Downs have returned -6.3% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Churchill Downs (CHDN) Q4 Earnings: A Look at Key Metrics
Churchill Downs (CHDN - Free Report) reported $561.2 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 16.9%. EPS of $0.86 for the same period compares to $0.73 a year ago.
The reported revenue represents a surprise of +1.79% over the Zacks Consensus Estimate of $551.35 million. With the consensus EPS estimate being $0.68, the EPS surprise was +26.47%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Churchill Downs performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Gaming: $230.20 million versus $224.03 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +8.5% change.
- Revenue- TwinSpires: $110.60 million versus the three-analyst average estimate of $104.73 million. The reported number represents a year-over-year change of +17.3%.
- Revenue- Live and Historical Racing: $235.30 million versus the three-analyst average estimate of $221.33 million. The reported number represents a year-over-year change of +30.1%.
- Revenue- All Other: $0.20 million versus $0.20 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -50% change.
- Adjusted EBITDA- All Other: -$18.10 million versus the three-analyst average estimate of -$19.03 million.
- Adjusted EBITDA- Gaming: $113.40 million compared to the $111.77 million average estimate based on three analysts.
- Adjusted EBITDA- TwinSpires: $34.90 million compared to the $30.30 million average estimate based on three analysts.
- Adjusted EBITDA- Live and Historical Racing: $88.90 million versus $82.80 million estimated by three analysts on average.
View all Key Company Metrics for Churchill Downs here>>>Shares of Churchill Downs have returned -6.3% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.