On Wednesday, Churchill Downs (NASDAQ:CHDN) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Earnings and Revenue

Analysts expect Churchill Downs earnings of 56 cents per share. Revenue will likely be around $255.33 million, according to the consensus estimate.

Churchill Downs reported a profit of 58 cents per share when it published results during the same quarter last year. Sales in that period totaled $278.3 million. Analysts estimate would represent a 3.45 percent decrease in the company's earnings. Revenue would be down 8.25 percent from the same quarter last year.

Here's how the Churchill Downs's reported EPS has stacked up against analyst estimates in the past:

Stock Performance

Over the last 52-week period, shares are up 71.29 percent. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The most common rating from analysts on Churchill Downs stock is a Neutral. The strength of this rating has maintained conviction over the past three months.