Churchill Downs Q2 2024 GAAP EPS $2.79 Beats $2.69 Estimate, Sales $890.700M Beat $856.466M Estimate
Portfolio Pulse from Benzinga Newsdesk
Churchill Downs (NASDAQ:CHDN) reported Q2 2024 earnings per share (EPS) of $2.79, surpassing the analyst consensus estimate of $2.69 by 3.72%. The company also reported quarterly sales of $890.7 million, beating the estimate of $856.466 million by 4%. This represents a 15.90% increase over the same period last year.
July 24, 2024 | 8:02 pm
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Churchill Downs (NASDAQ:CHDN) reported strong Q2 2024 results, with EPS of $2.79 beating estimates by 3.72% and sales of $890.7 million surpassing estimates by 4%. This performance indicates robust growth, with a 15.90% increase in sales compared to the same period last year.
The company's strong financial performance, with both EPS and sales exceeding analyst estimates, suggests positive market sentiment and potential short-term stock price appreciation. The significant year-over-year sales growth further supports this outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100