Recap: Boyd Gaming Q3 Earnings


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Shares of Boyd Gaming (NYSE:BYD) increased 0.12% after the company reported Q3 results.

Quarterly Results

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Earnings per share decreased 2.56% year over year to $0.38, which beat the estimate of $0.10.

Revenue of $652,238,000 decreased by 20.42% from the same period last year, which beat the estimate of $568,130,000.

Guidance

Earnings guidance hasn't been issued by the company for now.


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Revenue guidance hasn't been issued by the company for now.

Technicals

Company's 52-week high was at $36.22

52-week low: $6.44

Price action over last quarter: Up 38.74%

Company Description

Boyd Gaming Corp is a regional casino company focused primarily on serving middle income customers. The company operates 16 casinos in Las Vegas, Atlantic City, Illinois, Indiana, Mississippi and Louisiana. Its Las Vegas casinos, which focus primarily on serving Las Vegas residents due to their off-Strip locations, account for approximately 35% of total revenue. Its more upscale 50% owned Borgata casino in Atlantic City generates approximately 30% of consolidated revenue, while casinos in the Midwest and South represent over 30% of revenue.


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: Earnings