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Boyd Gaming (BYD)
NYSE:BYD
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.78Last Year’s EPS
$1.66Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 10.97%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive sentiment with numerous strengths highlighted, such as strong performances in Downtown Las Vegas and the online segment, along with successful property investments and new developments in Norfolk and Las Vegas. However, challenges remain in the Las Vegas Locals segment due to competitive pressures and some expected difficulties in the Midwest and South segments due to the absence of favorable adjustments from the previous year.Company Guidance
During the Boyd Gaming Q3 2024 earnings call, the company provided robust guidance, highlighting several key performance metrics. The Las Vegas Locals segment, excluding Orleans and Gold Coast, achieved EBITDAR margins of 49%, reflecting resilience amid competitive pressures. The Downtown Las Vegas segment excelled, driven by property investments and increased Hawaiian visitation, with Fremont achieving record third-quarter revenue and EBITDA. In the broader Southern Nevada market, visitation remained strong, exceeding 42 million over the past 12 months, with Las Vegas Airport handling nearly 59 million passengers. The Midwest and South segment benefited from Treasure Chest Casino's land-based facility, contributing to a 38% margin. Online operations, bolstered by a partnership with FanDuel, led to an increased EBITDAR guidance of $75 million. The company also returned $202 million to shareholders through stock repurchases in Q3, maintaining a leverage ratio of 2.5x, and announced a $750 million investment in a new casino project in Norfolk, Virginia.Strong Performance in Downtown Las Vegas
The Downtown Las Vegas segment delivered a strong quarterly performance, led by the Fremont, which posted a record third quarter revenue and EBITDA performance.
Successful Online Segment
The online segment had another great performance in the third quarter. Boyd Gaming raised full-year EBITDAR guidance for the online segment to $75 million, up from the previous $65 million to $70 million.
Record Performance at Treasure Chest Casino
Treasure Chest Casino delivered strong revenue growth since opening its new land-based facility, with performance exceeding targeted EBITDA returns.
Cadence Crossing Development
Boyd Gaming plans to break ground on the Cadence Crossing development in Las Vegas, with the first phase opening in early 2026. This project is designed to grow with the surrounding community.
Norfolk, Virginia Casino Development
Boyd Gaming secured an opportunity to develop a commercial casino resort in Norfolk, Virginia, with an estimated total project cost of $750 million, expected to open in late 2027.
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BYD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BYD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $64.16 | $69.20 | +7.86% |
| Jul 25, 2024 | $58.23 | $60.74 | +4.31% |
| Apr 25, 2024 | $62.37 | $52.74 | -15.44% |
| Feb 08, 2024 | $64.79 | $66.02 | +1.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Boyd Gaming (BYD) report earnings?
Boyd Gaming (BYD) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Boyd Gaming (BYD) earnings time?
Boyd Gaming (BYD) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BYD EPS forecast?
BYD EPS forecast for the fiscal quarter 2024 (Q4) is $1.78.
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