Churchill Downs Q2 Adj $2.24 Misses $2.60 Estimate, Sales $768.50M Miss $792.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Churchill Downs (NASDAQ:CHDN) reported Q2 earnings of $2.24 per share, missing the analyst consensus estimate of $2.60 by 13.85%. The company also reported quarterly sales of $768.50 million, missing the analyst consensus estimate of $792.70 million by 3.05%. However, both earnings and sales have increased compared to the same period last year.
July 26, 2023 | 8:12 pm
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NEGATIVE IMPACT
Churchill Downs' Q2 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term. However, the YoY growth might mitigate this impact.
Churchill Downs' Q2 earnings and sales fell short of analyst estimates, which could lead to a negative sentiment among investors and a potential short-term drop in the stock price. However, the YoY growth in both earnings and sales might offset this negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100