Unveiling Boyd (BYD) Q4 Outlook: Wall Street Estimates for Key Metrics
The upcoming report from Boyd Gaming (BYD) is expected to reveal quarterly earnings of $1.43 per share, indicating a decline of 16.9% compared to the year-ago period. Analysts forecast revenues of $922.92 million, representing no change year over year.
The consensus EPS estimate for the quarter has been revised 1.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Boyd metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts' assessment points toward 'Revenues by Segment- Midwest and South Region' reaching $491.96 million. The estimate points to a change of -20.6% from the year-ago quarter.
The average prediction of analysts places 'Revenues by Segment- Las Vegas Locals' at $234.14 million. The estimate suggests a change of -2.8% year over year.
Based on the collective assessment of analysts, 'Revenues by Segment- Downtown Las Vegas' should arrive at $61.47 million. The estimate indicates a year-over-year change of -1.6%.
Analysts predict that the 'Revenues- Food & beverage' will reach $67.18 million. The estimate points to a change of -9.4% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues- Other' will likely reach $33.95 million. The estimate points to a change of -76.6% from the year-ago quarter.
The consensus estimate for 'Revenues- Room' stands at $48.50 million. The estimate indicates a change of -3.2% from the prior-year quarter.
Analysts expect 'Revenues- Gaming' to come in at $657.24 million. The estimate points to a change of +0.5% from the year-ago quarter.
The consensus among analysts is that 'Adjusted EBITDAR- Las Vegas Locals' will reach $115.17 million. The estimate compares to the year-ago value of $125.88 million.
The collective assessment of analysts points to an estimated 'Adjusted EBITDAR- Downtown Las Vegas' of $22.77 million. The estimate is in contrast to the year-ago figure of $27.83 million.
It is projected by analysts that the 'Adjusted EBITDAR- Midwest and South' will reach $177.27 million. The estimate is in contrast to the year-ago figure of $228.82 million.
View all Key Company Metrics for Boyd here>>>
Boyd shares have witnessed a change of +3% in the past month, in contrast to the Zacks S&P 500 composite's +4.6% move. With a Zacks Rank #3 (Hold), BYD is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Boyd Gaming Corporation (BYD) : Free Stock Analysis Report
