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Boyd Gaming (BYD)
NYSE:BYD
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.57Last Year’s EPS
1.51Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -2.18%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
The earnings call for Boyd Gaming presented a predominantly positive view with record-breaking annual revenue, strong segment performances, and strategic growth initiatives. Challenges such as competition and weather impacts were noted, but they were not seen as major hindrances. The company is focused on enhancing shareholder value through substantial returns and strategic investments.Company Guidance
During the Boyd Gaming Fourth Quarter and Full Year 2024 Earnings Conference Call, CEO Keith Smith highlighted the company's strong financial performance, reporting over $3.9 billion in revenue for 2024, a record for the company, and achieving an EBITDA of nearly $1.4 billion with property-level operating margins exceeding 40%. The fourth quarter marked a milestone as quarterly revenues surpassed $1 billion, with EBITDAR increasing to nearly $380 million. Smith attributed this success to the company’s diversified portfolio, operating efficiencies, and recent property investments, particularly noting the Treasure Chest casino's exceptional performance, which exceeded expectations. The call also detailed economic indicators in Southern Nevada, such as employment growth, population increases, and tourism activity, which underpinned the strong market fundamentals. Boyd Gaming's investment strategy includes ongoing renovations and expansions across its properties, with significant projects like the Sky River Casino expansion and a new development in Norfolk, Virginia, set to drive future growth. The company also reported $686 million in stock repurchases for 2024, emphasizing its commitment to returning capital to shareholders alongside strategic investments.Record-Breaking Revenue and Growth
Boyd Gaming generated over $3.9 billion in revenues in 2024, setting a full year record, and achieved company-wide EBITDA of nearly $1.4 billion while maintaining property-level operating margins of over 40%.
Strong Performance in Las Vegas Locals and Downtown Segments
The Las Vegas Locals segment delivered its best year-over-year performance of 2024 despite competitive pressures, with operating margins exceeding 50%. The Downtown Las Vegas segment also showed strong performance with consistent customer trends.
Treasure Chest Casino Exceeds Expectations
The new facility at Treasure Chest consistently performed ahead of expectations since opening, with revenues up significantly compared to pre-project levels.
Expansion and Growth Initiatives
Boyd Gaming is engaged in multiple expansion projects, including the Norfolk, Virginia resort development and the Cadence Crossing Casino, aimed at strategic growth and capitalizing on growing communities.
Significant Shareholder Returns
The company returned nearly $750 million to shareholders in 2024 through share repurchases and dividends, reducing its share count by more than 23% since October 2021.
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BYD 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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BYD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $78.57 | $77.22 | -1.72% |
| Oct 24, 2024 | $64.16 | $69.20 | +7.86% |
| Jul 25, 2024 | $58.23 | $60.74 | +4.31% |
| Apr 25, 2024 | $62.37 | $52.74 | -15.44% |
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 Boyd Gaming (BYD) report earnings?
Boyd Gaming (BYD) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Boyd Gaming (BYD) earnings time?
Boyd Gaming (BYD) earnings time is at Apr 29, 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 BYD EPS forecast?
BYD EPS forecast for the fiscal quarter 2025 (Q1) is 1.57.
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