Boyd Gaming Q1 2024 Adj EPS $1.51 Misses $1.57 Estimate, Sales $960.521M Beat $958.741M Estimate
Portfolio Pulse from Benzinga Newsdesk
Boyd Gaming (NYSE:BYD) reported Q1 2024 adjusted EPS of $1.51, missing the $1.57 estimate, and sales of $960.521M, slightly above the $958.741M estimate. This represents an 11.7% decrease in EPS and a 0.36% decrease in sales from the same period last year.
April 25, 2024 | 8:09 pm
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Boyd Gaming reported a Q1 2024 adjusted EPS of $1.51, missing estimates, with a slight sales beat at $960.521M. EPS and sales saw a year-over-year decrease.
Missing the EPS estimate while only slightly beating sales forecasts indicates potential concerns about profitability and growth, likely leading to a negative short-term impact on BYD's stock price. The year-over-year decrease in both EPS and sales reinforces this outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100