Earnings Summary: Boyd Gaming Q2

Author: Benzinga Insights | August 08, 2024 07:43am

Boyd Gaming (NYSE:BYD) released its Q2 earnings on Thursday, July 25, 2024 at 04:05 PM.

Here's what's important from the earnings announcement.

Earnings

Boyd Gaming beat estimated earnings by 6.0%, reporting an EPS of $1.58 versus an estimate of $1.49.

Revenue was up $50.56 million from the same period last year.

Performance in Previous Earnings

In the previous quarter, the company missed on EPS by $0.06, resulting in a 15.0% drop change in the share price the following day.

Here's a look at Boyd Gaming's past performance:

Quarter	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
EPS Estimate	1.49	1.57	1.47	1.47	1.65
EPS Actual	1.58	1.51	1.66	1.36	1.58
Revenue Estimate	909.06M	958.74M	930.47M	879.82M	913.29M
Revenue Actual	967.51M	960.52M	954.41M	903.16M	916.95M

Recent Earnings Releases from Competitors

As we review Boyd Gaming's earnings, it's important to put its results into perspective by comparing them to those of its competitors, such as Wynn Resorts, Genius Sports, and PlayAGS.

• On August 06, 2024, Wynn Resorts unveiled earnings that were below market expectations, with an actual EPS of $1.12 compared to an estimated EPS of $1.21, resulting in a -7.44% decrease.
• Despite market projections of an EPS of $-0.03, Genius Sports's earnings on August 06, 2024 fell short with an actual EPS of $-0.09, representing a -200.0% decrease from expectations.
• PlayAGS's earnings announcement on May 09, 2024 exceeded expectations, with an actual EPS of $0.1 compared to the market's projected EPS of $-0.04, resulting in a 350.0% increase.

Comprehensive Analysis: Competitors' Quarterly Earnings and Stock Performance

This insightful analysis provides an overview of the market's responses to the latest earnings releases from key competitors. It presents the projected and actual earnings per share (EPS) figures for each company, alongside the associated stock prices at the close of the announcement day and the opening of the following trading day.

Company Name	Date	EPS Expected	EPS Announced	EPS Change Percent	Stock Price At Close	Stock Price at Next Day Open	Price Change Percent
Boyd Gaming	July 25, 2024	1.49	1.58	6.04%	$58.53	$63.5	8.49%
Wynn Resorts	August 06, 2024	1.21	1.12	-7.44%	$76.29	$78.5	2.9%
Genius Sports	August 06, 2024	-0.03	-0.09	-200.0%	$6.65	$6.9	3.76%
PlayAGS	May 09, 2024	-0.04	0.10	350.0%	$11.34	$11.45	0.97%

Comparative Study: Estimated in Contrast with Actual Peer Revenues### Peer Revenue Assessment: Estimated vs. Actual Performance Comparison

The following table compares estimated and announced revenue figures for Boyd Gaming's peers. This comparison provides insights into the revenue performance of these companies, offering valuable context to understand their financial standing within the industry.

Company Name	Estimated Revenue	Announced Revenue	Revenue Surprise Percentage
Boyd Gaming	909.06M	967.51M	6.43%
Wynn Resorts	1.77B	1.73B	-2.09%
Genius Sports	94.21M	95.45M	1.31%
PlayAGS	87.39M	95.97M	9.82%

To track all earnings releases for Boyd Gaming visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BYD