Market Overview

Earnings Preview: Boyd Gaming


On Monday, October 26, Boyd Gaming (NYSE: BYD) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Analysts expect Boyd Gaming earnings of $0.1 per share. Revenue will likely be around $568.13 million, according to the consensus estimate. In the same quarter last year, Boyd Gaming announced EPS of $0.39 on revenue of $819.57 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to report earnings in line when it publishes results Monday, quarterly profit would be down 74.36%. Sales would be down 30.68% on a year-over-year basis. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate -1.51 0.26 0.47 0.39
EPS Actual -0.98 -0.02 0.50 0.39
Revenue Estimate 131.92 M 775.17 M 825.64 M 828.91 M
Revenue Actual 209.86 M 680.52 M 833.13 M 819.57 M

Stock Performance

Over the last 52-week period, shares of Boyd Gaming are up 26.72%.

Do not be surprised to see the stock move on comments made during its conference call. Boyd Gaming is scheduled to hold the call at 17:00:00 ET and can be accessed here.


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Posted-In: Earnings