Boyd Gaming's Return On Capital Employed Insights
Portfolio Pulse from Benzinga Insights
Boyd Gaming (NYSE:BYD) reported Q1 earnings of $199.73 million, a 15.66% increase from the previous quarter, and sales of $963.97 million, a 4.45% increase since Q4. The company posted a return on capital employed (ROCE) of 0.12%, indicating effective capital allocation. Q1 earnings per share were $1.71, beating analyst predictions of $1.51.
May 24, 2023 | 2:56 pm
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Boyd Gaming's Q1 earnings and sales increased, with a ROCE of 0.12% indicating effective capital allocation. The company's EPS of $1.71 beat analyst predictions.
Boyd Gaming's Q1 earnings and sales increased, indicating a positive financial performance. The company's ROCE of 0.12% suggests effective capital allocation, which is a positive indicator for future growth and long-term returns. Additionally, the company's EPS beat analyst predictions, which could lead to increased investor confidence and a potential short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100