- Boyd Gaming‘s adjusted EBITDAR for Q4 was $379.3 million, surpassing the estimate of $352.9 million.
- Las Vegas locals adjusted EBITDAR reached $112.3 million, higher than the $108.1 million estimate.
- The downtown Las Vegas area reported an adjusted EBITDAR of $27.0 million, beating the expected $25.4 million.
- Midwest & South adjusted EBITDAR came in at $192.4 million, exceeding the estimate of $188.9 million.
- Adjusted earnings per share (EPS) was $1.96, ahead of the $1.79 estimate.
- Boyd Gaming‘s total revenue for the quarter reached $1.04 billion, surpassing the expected $1.01 billion.
- Las Vegas Locals segment revenue was $232.0 million, above the estimate of $224.2 million.
- Downtown Las Vegas revenue amounted to $65.6 million, exceeding the $62.7 million forecast.
- Revenue from the Midwest & South was $518.5 million, higher than the anticipated $508.5 million.
- The company reported an adjusted net income of $174.7 million, above the estimated $158 million.
- Boyd Gaming maintained operating margins of over 40% during the fourth quarter.
- Keith Smith, CEO, noted that the company’s diversified business model and operating efficiencies contributed to the strong results.
- Analysts currently have 10 buy ratings, 7 hold ratings, and 0 sell ratings for Boyd Gaming.
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Boyd Gaming on Smartkarma
Analysts on Smartkarma, such as Baptista Research, are closely following Boyd Gaming Corporation, providing insights into the company’s M&A and expansion strategy. According to Baptista Research‘s report titled “Boyd Gaming Corporation: A Deeper Insight Into Their M&A And Expansion Strategy! – Major Drivers,” Boyd Gaming‘s second quarter of 2024 results revealed a mix of strengths and challenges amid ongoing market dynamics and industry competition.
The report highlights Boyd Gaming‘s stable performance across various segments, including Las Vegas Locals, Downtown Las Vegas, and the Midwest and South, contributing to consistent property revenues compared to the prior year. However, it also points out the varying performance dynamics across these segments and the impact of external competition and strategic developments on the company’s operations. Baptista Research‘s analysis offers investors valuable perspectives on Boyd Gaming‘s current position and future growth prospects.
A look at Boyd Gaming Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
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
Boyd Gaming Corporation, a prominent player in the gaming industry with operations across the United States, is set for a promising long-term outlook. Utilizing the Smartkarma Smart Scores, which provide a snapshot of the company’s overall performance in key areas, Boyd Gaming emerges as a robust contender. With a strong momentum score of 5, the company is displaying positive growth trends, indicating a dynamic trajectory ahead. Additionally, a solid growth score of 4 underlines the company’s potential for expansion and development in the market. These scores reflect a favorable outlook for Boyd Gaming‘s future prospects.
Despite facing some challenges in terms of dividend and resilience scores, Boyd Gaming‘s overall outlook remains optimistic. The company’s value score of 3 showcases its solid standing in terms of investment worthiness, further bolstering confidence in its long-term performance. By leveraging its strengths in growth and momentum, Boyd Gaming is well-positioned to navigate the ever-evolving gaming landscape and capitalize on opportunities for sustained success in the years to come.
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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