Gaming and hospitality company Boyd Gaming (NYSE:BYD) will be announcing earnings results this Thursday after market hours. Here’s what investors should know.
Boyd Gaming beat analysts’ revenue expectations by 5.4% last quarter, reporting revenues of $1.03 billion, up 6.9% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.
Is Boyd Gaming a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Boyd Gaming’s revenue to decline 10% year on year to $865 million, a reversal from the 6.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.61 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Boyd Gaming has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 3.7% on average.
Looking at Boyd Gaming’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Monarch delivered year-on-year revenue growth of 3.6%, missing analysts’ expectations by 1.7%, and Nike reported revenues up 1.1%, topping estimates by 6.5%. Nike traded up 6.5% following the results.
Read our full analysis of Monarch’s results here and Nike’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.9% on average over the last month. Boyd Gaming’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $91.46 (compared to the current share price of $82.81).
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