Compared to Estimates, Boyd (BYD) Q3 Earnings: A Look at Key Metrics
Boyd Gaming (BYD) reported $903.16 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 3%. EPS of $1.36 for the same period compares to $1.48 a year ago.
The reported revenue represents a surprise of +3.41% over the Zacks Consensus Estimate of $873.36 million. With the consensus EPS estimate being $1.44, the EPS surprise was -5.56%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $90.29 million compared to the $61 million average estimate based on six analysts.
Revenues by Segment- Midwest and South Region: $513.03 million compared to the $509.95 million average estimate based on five analysts. The reported number represents a change of -14.8% year over year.
Revenues by Segment- Las Vegas Locals: $221.83 million versus the five-analyst average estimate of $223.53 million. The reported number represents a year-over-year change of -1.8%.
Revenues by Segment- Downtown Las Vegas: $49.55 million compared to the $48.92 million average estimate based on five analysts. The reported number represents a change of +0.1% year over year.
Revenues- Other: $34.85 million compared to the $33.24 million average estimate based on two analysts. The reported number represents a change of -63.3% year over year.
Revenues- Room: $48.72 million versus the two-analyst average estimate of $48.25 million. The reported number represents a year-over-year change of +4.4%.
Revenues- Gaming: $641.17 million compared to the $661.21 million average estimate based on two analysts. The reported number represents a change of -4% year over year.
Revenues- Food & beverage: $70.99 million versus $63.68 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.
Adjusted EBITDAR- Las Vegas Locals: $105.99 million versus $111.44 million estimated by six analysts on average.
Adjusted EBITDAR- Midwest and South: $190.59 million versus $195.94 million estimated by six analysts on average.
Adjusted EBITDAR- Managed & Other: $19 million versus the six-analyst average estimate of $18.73 million.
Adjusted EBITDAR- Corporate expense: -$21.61 million versus -$22.24 million estimated by five analysts on average.
View all Key Company Metrics for Boyd here>>>
Shares of Boyd have remained unchanged over the past month versus the Zacks S&P 500 composite's -2.3% 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.
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Boyd Gaming Corporation (BYD) : Free Stock Analysis Report
