GameStop BYD released its second quarter results on Thursday, July 25, 2024 at 4:05 p.m.
Here you can find out everything you need to know about the results.
Merits
Boyd Gaming beat earnings estimates by 6.0%, reporting earnings per share of $1.58 versus an estimate of $1.49.
Revenue increased by $50.56 million compared to the same period last year.
Development in previous earnings
In the previous quarter, the company missed earnings per share by $0.06, which resulted in a 15.0% decline in the share price the following day.
Here’s a look at Boyd Gaming’s performance so far:
| quarter | 2nd quarter 2024 | 1st quarter 2024 | 4th quarter 2023 | 3rd quarter 2023 | 2nd quarter 2023 |
|---|---|---|---|---|---|
| EPS estimate | 1.49 | 1.57 | 1.47 | 1.47 | 1.65 |
| EPS Is | 1.58 | 1.51 | 1.66 | 1.36 | 1.58 |
| Revenue (estimated | 909.06 million | 958.74 million | 930.47 million | 879.82 million | 913.29 million |
| Actual Sales | 967.51 million | 960.52 million | 954.41 million | 903.16 million | 916.95 million |
Current earnings releases from competitors
When looking at Boyd Gaming’s earnings, it’s important to put the results into perspective and compare them to those of competitors like Wynn Resorts, Genius Sports, and PlayAGS.
- On August 6, 2024, Wynn Resorts reported earnings that were below market expectations, with actual earnings per share of $1.12 compared to estimated earnings per share of $1.21, a decrease of -7.44%.
- Despite market forecasts of earnings per share of -$0.03, Genius Sports’ earnings on August 6, 2024 fell short of expectations with actual earnings per share of -$0.09, a decrease of -200.0% from expectations.
- PlayAGS’s May 9, 2024 earnings release beat expectations with actual EPS of $0.1 compared to the market forecast EPS of -$0.04, an increase of 350.0%.
Comprehensive analysis: quarterly earnings and stock performance of competitors
This insightful analysis provides an overview of the market’s reaction to key competitors’ recent earnings releases. It presents the forecast and actual earnings per share (EPS) numbers for each company, along with the corresponding share prices at the end of the announcement day and the beginning of the following trading day.
| Company Name | Date | EPS expected | EPS announced | EPS change in percent | Share price at closing | Share price at opening the next day | Price change in percent |
|---|---|---|---|---|---|---|---|
| GameStop | July 25, 2024 | 1.49 | 1.58 | 6.04% | $58.53 | 63,5 € | 8.49% |
| Wynn Resorts | 06.08.2024 | 1.21 | 1.12 | -7.44% | $76.29 | 78.5 USD | 2.9% |
| Genius Sports | 06.08.2024 | -0.03 | -0.09 | -200.0% | $6.65 | 6,90 € | 3.76% |
| PlayAGS | 09 May 2024 | -0.04 | 0.10 | 350.0% | $11.34 | 11,45 € | 0.97% |
Comparison Study: Estimated Sales vs. Actual Peer Sales### Peer Sales Assessment: Comparison of Estimated and Actual Performance
The following table compares estimated and announced revenue numbers of Boyd Gaming’s competitors. This comparison provides insights into these companies’ revenue trends and valuable information for understanding their financial position within the industry.
| Company Name | Estimated sales | Announced sales | Percentage of sales surprise |
|---|---|---|---|
| GameStop | 909.06 million | 967.51 million | 6.43% |
| Wynn Resorts | 1.77 billion | 1.73 billion | -2.09% |
| Genius Sports | 94.21 million | 95.45 million | 1.31% |
| PlayAGS | 87.39 million | 95.97 million | 9.82% |
To follow all of Boyd Gaming’s results releases, visit their results calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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