Boyd Gaming Corp Fourth Quarter Earnings Sneak Peek

Boyd Gaming Corp (NYSE:BYD) will unveil its latest earnings on Tuesday, February 21, 2012. Boyd Gaming owns and operates casino entertainment facilities located in Nevada, Mississippi, Illinois, Louisiana, and Indiana.

Boyd Gaming Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of one cent per share, a narrower loss from the year-earlier quarter net loss of 5 cents. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting net income of 3 cents per share, a decline of 75% from last year.

Past Earnings Performance: Last quarter, the company topped expectations by 4 cents, coming in at profit of 5 cents per share versus a mean estimate of net income of one cent per share. This followed two straight quarters of missing estimates.

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Wall St. Revenue Expectations: Analysts predict a rise of 8.2% in revenue from the year-earlier quarter to $597.2 million.

Analyst Ratings: Analysts seem relatively indifferent about Boyd Gaming with 11 of 18 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit fell 44.4% to $3.1 million (4 cents a share) from $5.6 million (6 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 0.9% to $590.2 million from $595.4 million.

Key Stats:

Boyd Gaming’s profit last quarter followed losses in the three previous quarters. The company reported a loss of $3 million in the second quarter, a loss of $3.5 million in the first and a loss of $7.1 million in the fourth quarter of the last fiscal year.

Revenue has dropped in the last two quarters. In the second quarter, the figure fell 0.7%.

Stock Price Performance: Between November 17, 2011 and February 15, 2012, the stock price rose $2.82 (45.1%), from $6.25 to $9.07. The stock price saw one of its best stretches over the last year between January 9, 2012 and January 18, 2012, when shares rose for seven straight days, increasing 28.5% (+$1.97) over that span. It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight days, dropping 37% (-$3.57) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com