Churchill Downs Q1 2024 Adj EPS $1.08 Beats $0.83 Estimate, Sales $590.900M Beat $565.420M Estimate
Portfolio Pulse from Benzinga Newsdesk
Churchill Downs reported Q1 2024 adjusted EPS of $1.08, surpassing the $0.83 estimate, with sales of $590.9M also beating the $565.42M estimate, marking a 5.61% increase over the previous year.
April 24, 2024 | 8:04 pm
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Churchill Downs reported a significant beat on both EPS and sales estimates for Q1 2024, indicating strong financial performance.
The substantial beat on both earnings per share and sales estimates for Q1 2024 suggests that Churchill Downs is performing well above market expectations. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in CHDN's stock price, given the better-than-expected financial health and growth of the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100