Boyd Gaming (BYD) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - Boyd Gaming (BYD) is expected to report a year-over-year increase in earnings and revenues for the quarter ended September 2024, with the stock price likely influenced by how actual results compare to consensus estimates [1] Group 1: Earnings Expectations - The consensus estimate for Boyd's quarterly earnings is $1.41 per share, reflecting a year-over-year change of +3.7% [2] - Revenues are anticipated to be $918.65 million, which is an increase of 1.7% from the same quarter last year [2] Group 2: Estimate Revisions - The consensus EPS estimate has been revised 0.43% lower over the last 30 days, indicating a reassessment by analysts [3] - The Most Accurate Estimate for Boyd is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +2.53% [6][7] Group 3: Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [5] - Boyd currently holds a Zacks Rank of 3, suggesting a likelihood of beating the consensus EPS estimate [7] Group 4: Historical Performance - In the last reported quarter, Boyd exceeded the expected earnings of $1.47 per share by delivering $1.58, resulting in a surprise of +7.48% [8] - Over the past four quarters, Boyd has beaten consensus EPS estimates two times [8] Group 5: Industry Context - Las Vegas Sands (LVS), another player in the gaming industry, is expected to post earnings of $0.56 per share for the same quarter, indicating a year-over-year change of +1.8% [10] - LVS's revenues are projected to be $2.79 billion, down 0.2% from the previous year, with a positive Earnings ESP of 2.50% [10]