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Churchill Downs (CHDN)
NASDAQ:CHDN
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.14Last Year’s EPS
1.13Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -0.41%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
Churchill Downs Incorporated demonstrated strong financial performance with record revenue and significant growth in key areas like the Kentucky Derby and HRM venues. However, challenges remain with The Rose Gaming Resort's ramp-up and regional gaming headwinds. Despite these issues, the company's strategic expansions and strong free cash flow indicate a positive outlook.Company Guidance
During the Churchill Downs Incorporated 2024 fourth-quarter earnings call, CEO Bill Carstanjen announced record financial results, with net revenue and adjusted EBITDA up 11% and 13% respectively from 2023. The company achieved all-time highs across its business segments, with significant contributions from the Kentucky Derby and HRM operations in Virginia. The call highlighted key growth projects, including the Starting Gate Courtyard and Pavilion for the 2025 Kentucky Derby and a series of expansions at Churchill Downs Racetrack to be completed by 2028. Additionally, Carstanjen emphasized the strategic investments in HRM facilities in Virginia and Kentucky, which contributed 20% of the nearly $1.2 billion adjusted EBITDA. The company remains conservatively leveraged with a focus on disciplined capital management and is optimistic about future growth, with expectations for continued strong adjusted EBITDA and free cash flow.Record Financial Performance
Churchill Downs Incorporated delivered all-time record net revenue and record adjusted EBITDA, up 11% and 13% respectively over 2023.
Kentucky Derby Success
The Kentucky Derby experienced significant growth with increased ticketing, sponsorships, and pari-mutuel wagering, contributing to record adjusted EBITDA.
Expansion Projects
Major expansion projects announced for Churchill Downs Racetrack, including the Sky Terrace renovation and the Conservatory, expected to enhance the Derby experience.
Growth in HRM Venues
HRM venues in Virginia contributed 20% of the company's nearly $1.2 billion adjusted EBITDA, with notable expansions planned in Richmond and Henrico County.
Free Cash Flow Increase
Generated $688 million or $9.22 per share of free cash flow in 2024, up nearly 33% per share over the prior year.
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CHDN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CHDN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $119.54 | $119.05 | -0.41% |
| Oct 23, 2024 | $133.74 | $139.73 | +4.48% |
| Jul 24, 2024 | $136.85 | $137.56 | +0.52% |
| Apr 24, 2024 | $123.03 | $128.86 | +4.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Churchill Downs (CHDN) report earnings?
Churchill Downs (CHDN) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Churchill Downs (CHDN) earnings time?
Churchill Downs (CHDN) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CHDN EPS forecast?
CHDN EPS forecast for the fiscal quarter 2025 (Q1) is 1.14.
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