LAS VEGAS, July 24, 2025 /PRNewswire/ -- Boyd Gaming Corporation (NYSE: BYD) today reported financial results for the second quarter ended June 30, 2025.Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: "Our Company delivered a strong performance in the second quarter, with broad-based growth across our operating segments, including our Online and Managed segments. We achieved our strongest property-level revenue and Adjusted EBITDAR growth in more than three years, with property-leve ...

Core Viewpoint - Boyd Gaming (BYD) is expected to report quarterly earnings of $1.67 per share, a 5.7% increase year-over-year, with revenues projected at $980.29 million, reflecting a 1.3% increase compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 2.3% over the past 30 days, indicating a reassessment by analysts [2]. - Prior revisions to earnings projections are crucial for predicting investor behavior and stock price performance [3]. Revenue Projections - Analysts predict 'Revenues- Online' to be $139.48 million, a 7.4% increase from the year-ago quarter [5]. - 'Revenues by Segment- Downtown Las Vegas' is estimated at $56.10 million, a decrease of 2.8% year-over-year [5]. - 'Revenues by Segment- Midwest and South' is expected to reach $531.53 million, indicating a 1.9% increase [5]. - 'Revenues by Segment- Managed & Other' is projected at $34.94 million, a 5.6% increase from the prior year [6]. - 'Revenues by Segment- Las Vegas Locals' is estimated at $221.91 million, reflecting a 1.4% decrease year-over-year [6]. Adjusted EBITDAR Estimates - 'Adjusted EBITDAR- Online' is forecasted to be $18.72 million, up from $17.06 million in the same quarter last year [7]. - 'Adjusted EBITDAR- Managed & Other' is expected to reach $24.01 million, compared to $23.14 million a year ago [7]. - 'Adjusted EBITDAR- Downtown Las Vegas' is projected at $20.91 million, down from $22.02 million in the previous year [8]. - 'Adjusted EBITDAR- Midwest and South' is estimated at $195.56 million, slightly up from $195.46 million year-over-year [8]. - 'Adjusted EBITDAR- Las Vegas Locals' is expected to be $105.06 million, down from $109.25 million in the prior year [9]. Stock Performance - Boyd shares have increased by 7.2% over the past month, outperforming the Zacks S&P 500 composite, which rose by 5.9% [9].

Wall Street expects a year-over-year increase in earnings on higher revenues when Boyd Gaming (BYD) reports results for the quarter ended June 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 24. On the ...

Core Viewpoint - Boyd Gaming (BYD) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the importance of earnings estimate revisions, which have shown a strong correlation with near-term stock price movements [4][6]. - Boyd is projected to earn $6.58 per share for the fiscal year ending December 2025, with no year-over-year change, but the Zacks Consensus Estimate has increased by 2.2% over the past three months [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - Boyd's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].

Core Insights - The article compares Boyd Gaming (BYD) and Red Rock Resorts (RRR) to determine which stock is more attractive to value investors [1] Valuation Metrics - Boyd Gaming has a Zacks Rank of 2 (Buy), indicating a more favorable earnings estimate revision compared to Red Rock Resorts, which has a Zacks Rank of 3 (Hold) [3] - BYD has a forward P/E ratio of 12.40, significantly lower than RRR's forward P/E of 34.84 [5] - The PEG ratio for BYD is 2.90, while RRR's PEG ratio is 5.75, suggesting BYD is more reasonably priced relative to its expected earnings growth [5] - BYD's P/B ratio is 4.91, compared to RRR's P/B of 15.76, indicating that BYD is valued more attractively in terms of market value versus book value [6] - These metrics contribute to BYD receiving a Value grade of A, while RRR has a Value grade of C [6] Earnings Outlook - Boyd Gaming is noted for its improving earnings outlook, which enhances its attractiveness in the Zacks Rank model [7]

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to ...

Group 1 - Boyd Gaming Corporation has sold a 5% equity stake in FanDuel, generating approximately $1.76 billion in cash to reduce debt [1] - The sale is expected to significantly impact Boyd Gaming's financial position by alleviating debt burdens [1] Group 2 - The article emphasizes the importance of patient investing and the accumulation of high-quality assets for wealth creation [1] - It highlights the balance between steady investment approaches and high-risk, high-reward opportunities [1]

Core Viewpoint - Boyd Gaming Corporation has entered into a definitive agreement to sell its 5% equity interest in FanDuel Group to Flutter Entertainment for cash consideration of $1.755 billion, which is expected to unlock significant unrealized value for Boyd shareholders [1][2][3] Group 1: Transaction Details - The transaction is anticipated to close in the third quarter of 2025, pending regulatory approvals [2] - Boyd plans to utilize the net proceeds from the sale to reduce its debt [2] - The revised market-access agreements with FanDuel will extend through 2038 and will provide Boyd with a fixed fee per state from FanDuel's mobile sports-betting operations in several states [3][4] Group 2: Financial Impact - Boyd's Online segment is projected to generate operating income and Adjusted EBITDAR of $50 million to $55 million for the full year 2025, and approximately $30 million in 2026 [4] - The partnership with FanDuel has been described as a remarkable success, with FanDuel being a leader in online sports betting, allowing Boyd to profitably participate in the sector's growth [5] Group 3: Advisory and Legal Support - Moelis & Company LLC acted as the exclusive financial advisor to Boyd Gaming for the transaction, while Morrison & Foerster LLP provided legal advice [5]

Core Insights - Boyd Gaming Corporation will hold a conference call to discuss its second-quarter 2025 results on July 24, 2025, at 5:00 p.m. Eastern [1] - The company operates 28 gaming entertainment properties across 10 states and manages a tribal casino in northern California [3] - Boyd Gaming is a strategic partner and 5% equity owner of FanDuel Group, a leading sports-betting operator in the U.S. [3] Company Overview - Boyd Gaming is celebrating its 50th anniversary in 2025, highlighting its long-standing presence in the gaming industry [3] - The company emphasizes a commitment to Corporate Social Responsibility (CSR) initiatives that positively impact stakeholders and communities [3] - Boyd Interactive, a B2B and B2C online casino gaming business, is part of Boyd Gaming's diverse operations [3]

Group 1 - Boyd Gaming (BYD) has been a top pick in the casino sector since last year, with the stock increasing over 40% compared to the S&P's 18% return in the same period [1]