Boyd Gaming (NYSE: BYD) reported earnings on July 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Boyd Gaming met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share dropped to zero. GAAP earnings per share grew significantly.

Gross margins contracted, operating margins expanded, net margins grew.

Revenue details
Boyd Gaming logged revenue of $738.7 million. The 18 analysts polled by S&P Capital IQ predicted revenue of $740.3 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $615.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.00. The 18 earnings estimates compiled by S&P Capital IQ forecast $0.00 per share. Non-GAAP EPS dropped to zero from the prior-year quarter's $0.00. GAAP EPS of $0.13 for Q2 were much higher than the prior-year quarter's $0.01 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 40.4%, 840 basis points worse than the prior-year quarter. Operating margin was 11.5%, 240 basis points better than the prior-year quarter. Net margin was 1.6%, 140 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $753.0 million. On the bottom line, the average EPS estimate is -$0.04.

Next year's average estimate for revenue is $2.92 billion. The average EPS estimate is -$0.13.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 381 members out of 446 rating the stock outperform, and 65 members rating it underperform. Among 118 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 104 give Boyd Gaming a green thumbs-up, and 14 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 $9.63.

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