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Boyd (BYD) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
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Wall Street analysts expect Boyd Gaming (BYD - Free Report) to post quarterly earnings of $1.67 per share in its upcoming report, which indicates a year-over-year decline of 2.9%. Revenues are expected to be $1 billion, unchanged compared to the year-ago quarter.
The current level reflects an upward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Boyd metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Revenues by Segment- Managed & Other' will reach $37.26 million. The estimate indicates a change of +3.9% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues by Segment- Downtown Las Vegas' should come in at $50.73 million. The estimate suggests a change of -4.7% year over year.
Based on the collective assessment of analysts, 'Revenues by Segment- Midwest and South' should arrive at $544.14 million. The estimate suggests a change of +1% year over year.
The average prediction of analysts places 'Revenues by Segment- Las Vegas Locals' at $211.20 million. The estimate indicates a change of +0.2% from the prior-year quarter.
Analysts forecast 'Adjusted EBITDAR- Online' to reach $9.08 million. The estimate compares to the year-ago value of $9.42 million.
Analysts expect 'Adjusted EBITDAR- Managed & Other' to come in at $28.08 million. The estimate is in contrast to the year-ago figure of $26.27 million.
Analysts' assessment points toward 'Adjusted EBITDAR- Downtown Las Vegas' reaching $14.67 million. Compared to the current estimate, the company reported $16.12 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Adjusted EBITDAR- Midwest and South' will likely reach $201.97 million. Compared to the present estimate, the company reported $201.60 million in the same quarter last year.
The consensus among analysts is that 'Adjusted EBITDAR- Las Vegas Locals' will reach $90.20 million. The estimate compares to the year-ago value of $92.13 million.
Over the past month, shares of Boyd have returned -0.6% versus the Zacks S&P 500 composite's +1% change. Currently, BYD carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Boyd (BYD) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Wall Street analysts expect Boyd Gaming (BYD - Free Report) to post quarterly earnings of $1.67 per share in its upcoming report, which indicates a year-over-year decline of 2.9%. Revenues are expected to be $1 billion, unchanged compared to the year-ago quarter.
The current level reflects an upward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Boyd metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Revenues by Segment- Managed & Other' will reach $37.26 million. The estimate indicates a change of +3.9% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues by Segment- Downtown Las Vegas' should come in at $50.73 million. The estimate suggests a change of -4.7% year over year.
Based on the collective assessment of analysts, 'Revenues by Segment- Midwest and South' should arrive at $544.14 million. The estimate suggests a change of +1% year over year.
The average prediction of analysts places 'Revenues by Segment- Las Vegas Locals' at $211.20 million. The estimate indicates a change of +0.2% from the prior-year quarter.
Analysts forecast 'Adjusted EBITDAR- Online' to reach $9.08 million. The estimate compares to the year-ago value of $9.42 million.
Analysts expect 'Adjusted EBITDAR- Managed & Other' to come in at $28.08 million. The estimate is in contrast to the year-ago figure of $26.27 million.
Analysts' assessment points toward 'Adjusted EBITDAR- Downtown Las Vegas' reaching $14.67 million. Compared to the current estimate, the company reported $16.12 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Adjusted EBITDAR- Midwest and South' will likely reach $201.97 million. Compared to the present estimate, the company reported $201.60 million in the same quarter last year.
The consensus among analysts is that 'Adjusted EBITDAR- Las Vegas Locals' will reach $90.20 million. The estimate compares to the year-ago value of $92.13 million.
View all Key Company Metrics for Boyd here>>>Over the past month, shares of Boyd have returned -0.6% versus the Zacks S&P 500 composite's +1% change. Currently, BYD carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .