Churchill Downs (CHDN) Q3 Earnings and Revenues Top Estimates

Core Insights - Churchill Downs (CHDN) reported quarterly earnings of $1.09 per share, exceeding the Zacks Consensus Estimate of $0.97 per share, and showing an increase from $0.97 per share a year ago, resulting in an earnings surprise of +12.37% [1] - The company generated revenues of $683 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.36% and increasing from $628.5 million year-over-year [2] - Churchill Downs has outperformed consensus EPS estimates two times over the last four quarters and has topped consensus revenue estimates three times in the same period [2] Earnings Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.02 on revenues of $655.35 million, while for the current fiscal year, the estimate is $6.00 on revenues of $2.91 billion [7] Industry Context - The Gaming industry, to which Churchill Downs belongs, is currently ranked in the top 25% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]