The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Boyd Gaming missed slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP loss per share expanded. GAAP loss per share expanded.
Margins dropped across the board.
Boyd Gaming logged revenue of $625.8 million. The 15 analysts polled by S&P Capital IQ predicted sales of $637.5 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.31. The 16 earnings estimates compiled by S&P Capital IQ predicted -$0.13 per share. Non-GAAP EPS were -$0.31 for Q4 against -$0.03 per share for the prior-year quarter. GAAP EPS were -$10.24 for Q4 compared to -$0.01 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 36.4%, much worse than the prior-year quarter. Operating margin was 2.5%, 730 basis points worse than the prior-year quarter. Net margin was -143.8%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $760.6 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $2.99 billion. The average EPS estimate is $0.45.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 383 members out of 441 rating the stock outperform, and 58 members rating it underperform. Among 124 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 106 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 $6.08.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.