Boyd Gaming (NYSE: BYD) is expected to report Q3 earnings around Oct. 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Boyd Gaming's revenues will increase 7.1% and EPS will shrink to a loss.
The average estimate for revenue is $632.2 million. On the bottom line, the average EPS estimate is -$0.02.
Revenue details
Last quarter, Boyd Gaming chalked up revenue of $615.2 million. GAAP reported sales were 7.1% higher than the prior-year quarter's $574.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $0.04. GAAP EPS were $0.01 for Q2 compared to -$0.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 48.8%, 120 basis points worse than the prior-year quarter. Operating margin was 9.1%, 210 basis points worse than the prior-year quarter. Net margin was 0.2%, 70 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $2.48 billion. The average EPS estimate is $0.09.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 375 members out of 434 rating the stock outperform, and 59 members rating it underperform. Among 108 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 give Boyd Gaming a green thumbs-up, and 18 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Boyd Gaming is hold, with an average price target of $7.99.
- Add Boyd Gaming to My Watchlist.
