Boyd Gaming Corp Second Quarter Earnings Sneak Peek

Boyd Gaming Corp (NASDAQ:BYD) will unveil its latest earnings on Wednesday, July 27, 2011. Boyd Gaming Corporation 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 profit of 2 cents per share, a decline of 60% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from one cent. For the year, analysts are projecting net loss of 2 cents per share, a swing from net income of 12 cents last year.

Past Earnings Performance: The company enters this earnings report having missed estimates the last four quarters. Last quarter, the company fell short of expectations by 2 cents, reporting a loss of of one cent per share against a mean estimate of profit of one cent per share.

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Wall St. Revenue Expectations: On average, analysts predict $578.8 million in revenue this quarter, a rise of 0.1% from the year ago quarter. Analysts are forecasting total revenue of $2.3 billion for the year, a rise of 7.5% from last year’s revenue of $2.14 billion.

Analyst Ratings: Analysts seem relatively indifferent about Boyd Gaming with 12 of 20 analysts surveyed maintaining a hold rating.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 41.4%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 49.5% from the year earlier quarter.

Competitors to Watch: MGM Resorts International. (NYSE:MGM), Wynn Resorts, Limited (NASDAQ:WYNN), Las Vegas Sands Corp. (NYSE:LVS), Pinnacle Entertainment, Inc (NYSE:PNK), Century Casinos, Inc. (NASDAQ:CNTY), Ameristar Casinos, Inc. (NASDAQ:ASCA), Trans World Corporation (TWOC), Monarch Casino & Resort, Inc. (NASDAQ:MCRI), Asia Entertainment & Resources Ltd. (NASDAQ:AERL).

Stock Price Performance: During June 22, 2011 to July 21, 2011, the stock price had risen $1.06 (12.9%) from $8.21 to $9.27. The stock price saw one of its best stretches over the last year between October 29, 2010 and November 9, 2010 when shares rose for eight-straight days, rising 24.7% (+$2.05) over that span. It saw one of its worst periods between June 2, 2011 and June 13, 2011 when shares fell for eight-straight days, falling 15.1% (-$1.38) over that span. Shares are down $1.33 (-12.5%) year to date.

(Source: Xignite Financials)

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