Latest news with #BoydGaming
Yahoo
2 days ago
- Business
- Yahoo
Red Rock Resorts (RRR) Reports Q2: Everything You Need To Know Ahead Of Earnings
Casino resort and entertainment company Red Rock Resorts (NASDAQ:RRR) will be announcing earnings results this Tuesday after the bell. Here's what investors should know. Red Rock Resorts beat analysts' revenue expectations by 0.6% last quarter, reporting revenues of $497.9 million, up 1.8% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts' EPS estimates but a miss of analysts' Casino revenue estimates. Is Red Rock Resorts a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Red Rock Resorts's revenue to be flat year on year at $485.4 million, slowing from the 16.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.41 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 4 downward revisions over the last 30 days (we track 10 analysts). Red Rock Resorts has missed Wall Street's revenue estimates three times over the last two years. Looking at Red Rock Resorts's peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Monarch delivered year-on-year revenue growth of 6.8%, beating analysts' expectations by 5.4%, and Boyd Gaming reported revenues up 6.9%, topping estimates by 5.4%. Monarch traded up 20.4% following the results while Boyd Gaming was also up 4.1%. Read our full analysis of Monarch's results here and Boyd Gaming's results here. There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 10.3% on average over the last month. Red Rock Resorts is up 8.9% during the same time and is heading into earnings with an average analyst price target of $57.77 (compared to the current share price of $56.64). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Here's What Key Metrics Tell Us About Boyd (BYD) Q2 Earnings
For the quarter ended June 2025, Boyd Gaming (BYD) reported revenue of $1.03 billion, up 6.9% over the same period last year. EPS came in at $1.87, compared to $1.58 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $980.29 million, representing a surprise of +5.48%. The company delivered an EPS surprise of +11.98%, with the consensus EPS estimate being $1.67. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Boyd performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- Online: $173.05 million versus the six-analyst average estimate of $139.48 million. The reported number represents a year-over-year change of +33.2%. Revenues by Segment- Downtown Las Vegas: $55.25 million versus $56.1 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -4.2% change. Revenues by Segment- Midwest and South: $540.08 million versus $531.53 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.5% change. Revenues by Segment- Managed & Other: $36.53 million versus $34.94 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +10.4% change. Revenues by Segment- Las Vegas Locals: $229.09 million versus the five-analyst average estimate of $221.91 million. The reported number represents a year-over-year change of +1.8%. Adjusted EBITDAR- Online: $22.24 million versus $18.72 million estimated by six analysts on average. Adjusted EBITDAR- Managed & Other: $25.96 million versus $24.01 million estimated by six analysts on average. Adjusted EBITDAR- Corporate expense: $-23.87 million versus the six-analyst average estimate of $-24.38 million. Adjusted EBITDAR- Downtown Las Vegas: $19.41 million versus the six-analyst average estimate of $20.91 million. Adjusted EBITDAR- Midwest and South: $201.4 million compared to the $195.56 million average estimate based on six analysts. Adjusted EBITDAR- Las Vegas Locals: $112.71 million compared to the $105.06 million average estimate based on six analysts. View all Key Company Metrics for Boyd here>>> Shares of Boyd have returned +6.9% over the past month versus the Zacks S&P 500 composite's +5.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Boyd Gaming Corporation (BYD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Boyd Gaming (NYSE:BYD) Delivers Impressive Q2
Gaming and hospitality company Boyd Gaming (NYSE:BYD) beat Wall Street's revenue expectations in Q2 CY2025, with sales up 6.9% year on year to $1.03 billion. Its non-GAAP profit of $1.87 per share was 12.2% above analysts' consensus estimates. Is now the time to buy Boyd Gaming? Find out in our full research report. Boyd Gaming (BYD) Q2 CY2025 Highlights: Revenue: $1.03 billion vs analyst estimates of $980.9 million (6.9% year-on-year growth, 5.4% beat) Adjusted EPS: $1.87 vs analyst estimates of $1.67 (12.2% beat) Adjusted EBITDA: $329.4 million vs analyst estimates of $315.5 million (31.9% margin, 4.4% beat) Operating Margin: 23.4%, in line with the same quarter last year Market Capitalization: $6.8 billion 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-level margins once again exceeding 40%. This growth was supported by continued strength in play from our core customers, as well as improvements in retail play. Looking ahead, the recently announced transaction to sell our equity stake in FanDuel will further strengthen the Company's financial position as we continue to invest in our properties, pursue growth opportunities, return capital to shareholders and maintain a strong balance sheet – a strategy that continues to drive long-term shareholder value." Company Overview Run by the Boyd family, Boyd Gaming (NYSE:BYD) is a diversified operator of gaming entertainment properties across the United States, offering casino games, hotel accommodations, and dining. Revenue Growth A company's long-term sales performance is one signal of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Over the last five years, Boyd Gaming grew its sales at a tepid 9.6% compounded annual growth rate. This was below our standard for the consumer discretionary sector and is a poor baseline for our analysis. We at StockStory place the most emphasis on long-term growth, but within consumer discretionary, a stretched historical view may miss a company riding a successful new product or trend. Boyd Gaming's recent performance shows its demand has slowed as its annualized revenue growth of 4.6% over the last two years was below its five-year trend. Note that COVID hurt Boyd Gaming's business in 2020 and part of 2021, and it bounced back in a big way thereafter. We can better understand the company's revenue dynamics by analyzing its most important segments, Gaming and Non-Gaming, which are 64.9% and 16.7% of revenue. Over the last two years, Boyd Gaming's Gaming revenue (casino games) was flat while its Non-Gaming revenue (hotel, food, beverage) averaged 10.2% year-on-year growth. This quarter, Boyd Gaming reported year-on-year revenue growth of 6.9%, and its $1.03 billion of revenue exceeded Wall Street's estimates by 5.4%. Looking ahead, sell-side analysts expect revenue to decline by 4.3% over the next 12 months, a deceleration versus the last two years. This projection is underwhelming and indicates its products and services will face some demand challenges. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Operating Margin Boyd Gaming's operating margin has risen over the last 12 months and averaged 22.3% over the last two years. On top of that, its profitability was elite for a consumer discretionary business thanks to its efficient cost structure and economies of scale. This quarter, Boyd Gaming generated an operating margin profit margin of 23.4%, in line with the same quarter last year. This indicates the company's overall cost structure has been relatively stable. Earnings Per Share We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Boyd Gaming's full-year EPS flipped from negative to positive over the last five years. This is encouraging and shows it's at a critical moment in its life. In Q2, Boyd Gaming reported EPS at $1.87, up from $1.58 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Boyd Gaming's full-year EPS of $6.97 to shrink by 4.6%. Key Takeaways from Boyd Gaming's Q2 Results We enjoyed seeing Boyd Gaming beat analysts' revenue expectations this quarter. We were also happy its EPS outperformed Wall Street's estimates. On the other hand, its Gaming revenue missed. Overall, we think this was a solid quarter with some key areas of upside. The stock traded up 1.6% to $83.85 immediately after reporting. Boyd Gaming put up rock-solid earnings, but one quarter doesn't necessarily make the stock a buy. Let's see if this is a good investment. When making that decision, it's important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it's free.
The Sun
15-07-2025
- Business
- The Sun
Flutter secures 100% ownership of FanDuel in deal worth £1.3bn
Betting Takeover Flutter takes full control of FanDuel in £1.3bn deal, strengthening its US market position. THE owner of Paddy Power, Flutter Entertainment, has taken full ownership of US betting and gaming giant FanDuel, in a deal worth £1.3billion. The London-listed firm said it acquired the remaining 5% stake in FanDuel from US casino operator Boyd Gaming, giving it 100% control of the business. 1 Flutter first invested in FanDuel in 2018, as US states began to relax restrictions on sports betting. Since then, FanDuel has grown to become one of the dominant players in the American betting market. The transaction values FanDuel at approximately £22.9bn. Flutter also confirmed that the agreement includes an extension of FanDuel's strategic partnership with Las Vegas-based Boyd Gaming. Peter Jackson, chief executive of Flutter, said: 'Our acquisition of FanDuel in 2018 is one of the most transformational events in our group's history, with its natural competitive advantages combined with access to Flutter Edge capabilities driving impressive growth to become the well-established and clear leader in US online sports betting and iGaming. 'I am really pleased to drive future value for our shareholders by increasing our ownership of FanDuel to 100%. 'Boyd have been fantastic partners for FanDuel, and we are delighted to be extending our important strategic partnership through to 2038.' Remember to gamble responsibly A responsible gambler is someone who: For help with a gambling problem, call the National Gambling Helpline on 0808 8020 133 or go to to be excluded from all UK-regulated gambling websites.
Irish Times
11-07-2025
- Business
- Irish Times
Flutter takes full ownership of FanDuel with purchase of 5% stake for €1.5bn
Paddy Power Betfair parent Flutter has extended its partnership with Boyd Gaming out to 2038 and bought out the group's 5 per cent stake in gambling company FanDuel for $1.75 billion (€1.5 billion). The sports betting and iGaming giant, which is listed in New York, now fully owns FanDuel, which is valued at about $31 billion. Flutter will also make a payment of $205 million for the renegotiation of its market access at more attractive terms. Davy analyst Paul Ruddy described the deal as 'undoubtedly a good use of capital as it provides additional certainty around market access and increased ownership of this key strategic asset'. READ MORE The company said the deal also provides for the extension of the strategic partnership between FanDuel and Boyd at 'significantly reduced' market access costs in the states where FanDuel's market access is provided by Boyd. This is expected to contribute to annual savings for Flutter of approximately $65 million beginning July 1st. FanDuel is the market leader in the United States with a 43 per cent market share in sports betting and 27 per cent in iGaming. Flutter said the deal underpinned its confidence in the long-term profitability profile of its US business, demonstrating the ability to help mitigate both recent and future tax increases. The transaction is expected to complete in the third quarter of this year, and will be funded by additional debt financing. Flutter chief executive Peter Jackson described the company's acquisition of FanDuel in 2018 as 'one of the most transformational events in our group's history'. 'I am really pleased to drive future value for our shareholders by increasing our ownership of FanDuel to 100 per cent,' he said. 'Boyd have been fantastic partners for FanDuel, and we are delighted to be extending our important strategic partnership through to 2038.' Separately, Flutter and some of its subsidiaries have entered into a definitive bridge credit agreement with certain banks to obtain binding commitments in respect of a senior secured first lien term loan of $1.75 billion. Flutter plans to use the facility to finance or refinance amounts payable in connection with the FanDuel deal. The facility will mature 12 months after it is first utilised, with two additional six-month extension options. It will bear an interest rate of 1.25 per cent.
