Boyd Gaming beats Q4 revenue and EPS expectations
Overview
Gaming operator's Q4 revenue growth beat analysts' expectations
Adjusted EPS for Q4 beat analyst expectations
Company repurchased $185 mln in shares during Q4
Outlook
Boyd Gaming expects benefits from ongoing capital investments in 2026
Company anticipates continued strength in play from core customers in 2026
Boyd Gaming sees financial strength from diversified cash flow in 2026
Result Drivers
LAS VEGAS LOCALS - Growth in gaming revenues driven by strong play from core customers, despite softness in destination business
MIDWEST & SOUTH - Strong growth in play from core customers, impacted by severe winter weather
ONLINE SEGMENT - Benefited from revenue-sharing changes post-FanDuel transaction and lower year-over-year fees
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $1.06 bln | $1.007 bln (14 Analysts) |
Q4 Adjusted EPS | Beat | $2.21 | $1.90 (11 Analysts) |
Q4 Adjusted Net Income | Beat | $173.50 mln | $152.30 mln (8 Analysts) |
Q4 Net Income |
| $138.83 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the casinos & gaming peer group is "buy"
Wall Street's median 12-month price target for Boyd Gaming Corp is $90.00, about 6.2% above its February 4 closing price of $84.78
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nPn1pK6MLa
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