- Churchill Downs reported an adjusted EPS of $0.92, which was below the estimated $0.94.
- The company’s EPS increased to $0.95 from $0.76 compared to the same quarter last year.
- Net revenue reached $624.2 million, marking an 11% growth year-over-year, slightly surpassing the estimate of $620.2 million.
- Adjusted net income was reported at $68.7 million, up 5% from the previous year, but slightly below the expected $69.7 million.
- The company’s stock received 10 buy ratings, 1 hold rating, and no sell ratings.
A look at Churchill Downs Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
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
Churchill Downs Incorporated, the renowned horse racing company famous for hosting the prestigious Kentucky Derby, shows a promising long-term outlook based on the Smartkarma Smart Scores. With a strong Growth score of 4, the company demonstrates potential for expansion and development in the future. Along with a Momentum score of 3, indicating positive market trends, Churchill Downs is positioned well for continued success.
Although the Value and Dividend scores are average at 2, the company’s resilience, with a score of 2, suggests stability in the face of challenges. Overall, Churchill Downs presents a favorable outlook for investors seeking growth opportunities in the horse racing industry, backed by its strong Growth and Momentum scores.
Summary: Churchill Downs Incorporated is a horse racing company known for hosting the Kentucky Derby. With operations across multiple states and interests in various racing services companies, the company enjoys a strong Growth score and positive Momentum outlook according to Smartkarma Smart Scores.
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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