Yahoo Finance Boyd Gaming Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line
Boyd Gaming (NYSE:BYD) Second Quarter 2024 Results
Key Financial Results
Revenue: US$967.5m (up 5.5% from 2Q 2023).
Net income: US$139.8m (down 27% from 2Q 2023).
Profit margin: 14% (down from 21% in 2Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$1.47 (down from US$1.89 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Boyd Gaming Revenues Beat Expectations
Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are up 3.3% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Boyd Gaming that we have uncovered.
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