Churchill Downs Q3 2024 GAAP EPS $0.86 Misses $0.89 Estimate, Sales $628.500M Miss $628.525M Estimate
Portfolio Pulse from Benzinga Newsdesk
Churchill Downs reported Q3 2024 earnings per share of $0.86, missing the consensus estimate of $0.89. Sales were $628.5 million, slightly below the $628.525 million estimate, but up 9.78% from last year.
October 23, 2024 | 8:02 pm
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Churchill Downs' Q3 2024 earnings per share of $0.86 missed the consensus estimate of $0.89, and sales of $628.5 million slightly missed the $628.525 million estimate. Despite the miss, sales increased by 9.78% compared to the same period last year.
The earnings per share miss, although slight, is likely to have a negative short-term impact on the stock price as it did not meet analyst expectations. The sales miss is negligible, but the overall sentiment may be affected by the EPS miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100