What Should Investors Anticipate in Boyd Gaming’s (BYD) Fourth Quarter Earnings

Boyd Gaming Set to Announce Earnings: What Investors Should Watch

Boyd Gaming (NYSE:BYD), a prominent name in the gaming and hospitality sector, is scheduled to release its latest financial results this Thursday after the market closes. Here’s a breakdown of what shareholders need to know ahead of the announcement.

Recent Performance Overview

In the previous quarter, Boyd Gaming outperformed Wall Street’s revenue forecasts by 15.7%, posting $1.00 billion in revenue—a 4.5% increase compared to the same period last year. While the company delivered a strong revenue beat, it fell short of analysts’ expectations for adjusted operating income, resulting in a mixed quarter overall.

Looking Ahead: Analyst Expectations

For the upcoming quarter, analysts are projecting a 1.9% year-over-year decrease in revenue to $1.02 billion. This marks a shift from the 9.1% growth recorded in the corresponding quarter last year. Adjusted earnings per share are anticipated to reach $1.94.

Analyst Sentiment and Track Record

Over the past month, most analysts have maintained their forecasts for Boyd Gaming, indicating expectations for steady performance. Notably, the company has consistently surpassed revenue estimates for the past two years, with an average beat of 5.3% each quarter.

Industry Peers: Recent Results

Several companies in the consumer discretionary sector have already shared their fourth-quarter results, offering some insight into potential trends. Apple reported a 15.7% increase in revenue, exceeding analyst predictions by 4.1%, while Deckers achieved 7.1% revenue growth, beating estimates by 4.7%. Following these announcements, Apple’s share price remained stable, whereas Deckers saw a 19.2% jump.

Market Trends and Stock Outlook

Investor sentiment in the consumer discretionary space has remained relatively stable, with share prices declining by an average of 1.4% over the past month. Boyd Gaming’s stock has dropped 6.1% during this period. Heading into earnings, the average analyst price target for Boyd Gaming stands at $94.67, compared to its current price of $82.97.

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Should You Buy or Sell Boyd Gaming?

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