A strong stock as of late has been Boyd Gaming (BYD Quick QuoteBYD - Free Report) . Shares have been marching higher, with the stock up 11% over the past month. The stock hit a new 52-week high of $89.45 in the previous session. Boyd has gained 3.7% since the start of the year compared to the 2.5% gain for the Zacks Consumer Discretionary sector and the 9.1% return for the Zacks Gaming industry.

What's Driving the Outperformance?

The stock has an impressive record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on October 23, 2025, Boyd reported EPS of $1.72 versus consensus estimate of $1.57 while it beat the consensus revenue estimate by 15.23%.

For the current fiscal year, Boyd is expected to post earnings of $7.72 per share on $4.01 in revenues. Meanwhile, for the next fiscal year, the company is expected to earn $8.27 per share on $3.91 in revenues. This represents a year-over-year change of 8.41% and -2.6%, respectively.

Valuation Metrics

While Boyd has moved to its 52-week high over the past few weeks, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.

On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.

Boyd has a Value Score of A. The stock's Growth and Momentum Scores are D and C, respectively, giving the company a VGM Score of B.

In terms of its value breakdown, the stock currently trades at 11.5X current fiscal year EPS estimates, which is not in-line with the peer industry average of 17.1X. On a trailing cash flow basis, the stock currently trades at 8.7X versus its peer group's average of 12X. Additionally, the stock has a PEG ratio of 2.18. This is good enough to put the company in the top echelon of all stocks we cover from a value perspective, making Boyd an interesting choice for value investors.

Zacks Rank

We also need to consider the stock's Zacks Rank, as this is even more important than the company's VGM Score. Fortunately, Boyd currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Boyd fits the bill. Thus, it seems as though Boyd shares could have potential in the weeks and months to come.

How Does BYD Stack Up to the Competition?

Shares of BYD have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Red Rock Resorts, Inc. (RRR Quick QuoteRRR - Free Report) . RRR has a Zacks Rank of #2 (Buy) and a Value Score of B, a Growth Score of B, and a Momentum Score of B.

Earnings were strong last quarter. Red Rock Resorts, Inc. beat our consensus estimate by 88.89%, and for the current fiscal year, RRR is expected to post earnings of $1.93 per share on revenue of $2 billion.

Shares of Red Rock Resorts, Inc. have gained 10.1% over the past month, and currently trade at a forward P/E of 32.05X and a P/CF of 19.15X.

The Gaming industry may rank in the bottom 68% of all the industries we have in our universe, but there still looks like there are some nice tailwinds for BYD and RRR, even beyond their own solid fundamental situation.