News

For the quarter ended December 2023, Boyd Gaming (BYD) reported revenue of $954.41 million, up 3.4% over the same period last year. EPS came in at $1.66, compared to $1.72 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $922.92 million, representing a surprise of +3.41%. The company delivered an EPS surprise of +16.08%, with the consensus EPS estimate being $1.43.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Boyd performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Revenues- Online: $124.06 million compared to the $111.43 million average estimate based on six analysts.
• Revenues by Segment- Downtown Las Vegas: $63.31 million versus $61.47 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1.4% change.
• Revenues by Segment- Midwest and South Region: $497.90 million versus $491.96 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -19.6% change.
• Revenues by Segment- Las Vegas Locals: $235.08 million versus $234.14 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -2.4% change.
• Revenues by Segment- Managed & Other: $34.07 million compared to the $29.44 million average estimate based on five analysts.
• Revenues- Food & beverage: $75.48 million versus $67.18 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.8% change.
• Revenues- Other: $34.93 million versus $33.95 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -75.9% change.
• Revenues- Room: $50.57 million compared to the $48.50 million average estimate based on two analysts. The reported number represents a change of +1% year over year.
• Revenues- Gaming: $647.08 million versus $657.24 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1% change.
• Revenues- Management fee: $22.29 million versus the two-analyst average estimate of $9.51 million.
• Adjusted EBITDAR- Online: $17.31 million versus the six-analyst average estimate of $17.93 million.
• Adjusted EBITDAR- Managed & Other: $24.38 million compared to the $19.65 million average estimate based on six analysts.

View all Key Company Metrics for Boyd here>>>

Shares of Boyd have returned +2.3% over the past month versus the Zacks S&P 500 composite's +6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Zacks Names #1 Semiconductor Stock

It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.

With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.

See This Stock Now for Free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.