Boyd Gaming Q2 Adj $1.58 Misses $1.65 Estimate, Sales $916.95M Beat $913.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Boyd Gaming (NYSE:BYD) reported Q2 earnings of $1.58 per share, missing the analyst consensus estimate of $1.65 by 4.24%. However, the company's quarterly sales of $916.95 million beat the estimate of $913.29 million by 0.40%. This represents a 6.76% increase in earnings and a 2.52% increase in sales compared to the same period last year.
July 27, 2023 | 8:19 pm
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NEUTRAL IMPACT
Boyd Gaming's Q2 earnings missed estimates but sales exceeded expectations, indicating mixed performance.
Boyd Gaming's earnings miss could negatively impact investor sentiment, potentially leading to a short-term drop in the stock price. However, the sales beat and YoY growth in both earnings and sales could offset this negative impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100