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Gaming and hospitality company Boyd Gaming (NYSE:BYD) will be reporting earnings tomorrow after market hours. Here’s what to expect.
Boyd Gaming beat analysts’ revenue expectations by 4% last quarter, reporting revenues of $1.04 billion, up 9.1% year on year. It was a strong quarter for the company, with a decent beat of analysts’ EPS and EBITDA estimates.
Is Boyd Gaming a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Boyd Gaming’s revenue to grow 1.2% year on year to $971.7 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.52 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Boyd Gaming has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Boyd Gaming’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Monarch delivered year-on-year revenue growth of 3.1%, beating analysts’ expectations by 2.1%, and Nike reported a revenue decline of 9.3%, topping estimates by 2.3%. Nike traded down 5.4% following the results.
Read our full analysis of Monarch’s results here and Nike’s results here.
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