Boyd Gaming Corp (NYSE: BYD) has reported E.P.S. of $1.47 for its second fiscal quarter (ending June 30) versus $1.89 for the same period a year ago — a decline of -22%. This performance was $-0.02 short of the consensus estimate of $1.49. E.P.S. were $5.15 for the latest four quarters through June 30 versus $6.91 for the same period a year ago — a decline of -25%.
Recent Price Action
Boyd Gaming Corp (NYSE: BYD) stock closed at $58.53 on 7/25/24 after an increase of 1.3%. NORMAL trading volume accompanied the advance. The stock has declined -0.6% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, BYD is expected to continue to be a major Value Builder.
Boyd Gaming has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Boyd Gaming has a slightly positive Appreciation Score of 61 but a poor Power Rating of 28, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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