Boyd Gaming Corp Third Quarter Earnings Coming Up

Boyd Gaming Corp (NYSE:BYD) will unveil its latest earnings on Tuesday, October 25, 2011. 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 net income of one cent per share, a decline of 50% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 2 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. For the year, analysts are projecting a loss of 2 cents per share, a swing from profit 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 one cent, reporting net income of of one cent per share against a mean estimate of profit of 2 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $599.3 million in revenue this quarter, a rise of 0.7% 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 13 of 19 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company swung to a loss of $3 million (3 cents a share) from a profit of $3.4 million (4 cents) a year earlier, missing analyst expectations. Revenue fell 0.7% to $574.4 million from $578.4 million.

Key Stats:

A year-over-year revenue decrease in the second quarter snapped a streak of three consecutive quarters of revenue increases. Revenue rose 36.1%in the first quarter, 43.4% in the fourth quarter of the last fiscal year and 49.5% in the third quarter of the last fiscal year.

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), and Archon Corporation (ARHND).

Stock Price Performance: During July 26, 2011 to October 19, 2011, the stock price had fallen $3.49 (-36.2%) from $9.64 to $6.15. 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 July 26, 2011 and August 8, 2011 when shares fell for 10-straight days, falling 37% (-$3.57) over that span. Shares are down $4.45 (-42%) year to date.

(Source: Xignite Financials)

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