Boyd Gaming Corporation (NYSE:BYD) is expected to report third quarter earnings results, after market close, on Monday 26th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.10 per share.
Looking ahead, the full year loss are expected at $ 0.78 per share on the revenues of $ 2086.92 million.
Previous Quarter Performance
Boyd Gaming Corporation unwinded loss for the second quarter of $ 0.98 per share, from the revenue of $ 209.86 million. According to street consensus, BYD was expected to report 2Q20 loss of $ 1.50 per share from revenue of $ 130.74 million. The bottom line results beat street analysts by $ 0.52 or 34.67 percent, at the same time, top line results outshined analysts by $ 79.12 million or 60.52 percent.
Stock Performance
On Friday, shares of Boyd Gaming Corporation has traded high as $ 34.99 and has cracked $ 33.56 on the downward trend, reaching $ 34.70 with volume of 1.51 million shares.
According to the previous trading day, closing price of $ 34.70, representing a 435.56 % increase from the 52 week low of $ 6.44 and a 4.78 % decrease over the 52 week high of $ 36.22.
The company has a market capital of $ 3.87 billion and is part of the Consumer Cyclical sector and Resorts & Casinos industry.
Recent Analyst recommendations
- On 16th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 40.00 target price.
- On 15th October 2020, maintained by Bank of America at Buy rating, with $ 40.00 target price.
- On 9th September 2020, maintained by JPMorgan Chase & Co. at Overweight rating, with $ 40.00 target price.
- On 28th August 2020, maintained by Morgan Stanley at Overweight rating, with $ 33.00 target price.
Conference Call
Boyd Gaming Corporation will be hosting a conference call at 5:00 PM eastern time on 26th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.boydgaming.com
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of March 13, 2019, the company operated 29 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.
