- Boyd Gaming‘s first-quarter adjusted EBITDAR surpassed expectations with $337.5 million, compared to the estimated $324.1 million.
- Las Vegas locals segment reported an adjusted EBITDAR of $106.5 million, slightly below the estimate of $106.7 million.
- Las Vegas downtown area performed well with adjusted EBITDAR of $20.9 million, exceeding the expected $18.2 million.
- The Midwest and South region saw an adjusted EBITDAR of $183.2 million, beating the estimate of $181.2 million.
- Adjusted earnings per share (EPS) came in at $1.62, which is above the forecasted $1.52.
- Total revenue for Boyd Gaming was reported at $991.6 million, higher than the projected $960.2 million.
- Revenue from Las Vegas locals was $222.8 million, slightly under the estimate of $223.4 million.
- Las Vegas downtown revenue hit $57.3 million, surpassing the expected $55 million.
- The Midwest and South revenue matched expectations closely with $504.6 million compared to the $504.9 million estimate.
- Adjusted net income for the quarter was reported at $137.7 million, exceeding the $134.7 million estimate.
- Boyd Gaming expressed satisfaction with its performance and confidence in managing current conditions due to a strong balance sheet and experienced management.
- Stock analysts have issued 9 buy ratings, 6 hold ratings, and no sell ratings for Boyd Gaming.
A look at Boyd Gaming Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking ahead, the long-term outlook for Boyd Gaming appears promising based on its Smartkarma Smart Scores. With a strong score in Growth and Resilience, the company is positioned well for future expansion and ability to withstand economic challenges. While Value and Momentum scores are solid but not the highest, Boyd Gaming‘s overall outlook remains positive. The company’s diversified operations, including gaming properties, entertainment venues, and recreational facilities, provide a stable foundation for long-term growth.
Boyd Gaming Corporation, a leading owner and operator of gaming properties in the United States, has received favorable ratings in key areas. With a balanced scorecard across Value, Dividend, Growth, Resilience, and Momentum, the company shows strength in various aspects of its operations. As Boyd Gaming continues to evolve its offerings, including entertainment, dining, and retail options at its properties, it is expected to maintain a competitive edge in the gaming industry over the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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