For the quarter ended March 2024, Churchill Downs (CHDN) reported income of $590.9 million, up 5.6% over the identical interval final yr. EPS got here in at $1.13, in comparison with $0.98 within the year-ago quarter.
The reported income represents a shock of +5.72% over the Zacks Consensus Estimate of $558.94 million. With the consensus EPS estimate being $0.78, the EPS shock was +44.87%.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they examine with Wall Avenue expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
Since these metrics play a vital position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher mission a inventory’s worth efficiency.
Right here is how Churchill Downs carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Income- Gaming: $239.20 million versus $235.20 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a -4.3% change.
- Income- TwinSpires: $106.60 million in comparison with the $101.80 million common estimate primarily based on three analysts. The reported quantity represents a change of +12.5% yr over yr.
- Income- Reside and Historic Racing: $245.10 million versus $221.77 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a +14.3% change.
- Adjusted EBITDA- All Different: -$20.70 million in comparison with the -$19.40 million common estimate primarily based on three analysts.
- Adjusted EBITDA- Gaming: $122.80 million versus the three-analyst common estimate of $112.80 million.
- Adjusted EBITDA- TwinSpires: $39.60 million versus $35.83 million estimated by three analysts on common.
- Adjusted EBITDA- Reside and Historic Racing: $100.80 million versus the three-analyst common estimate of $85.43 million.
View all Key Company Metrics for Churchill Downs here>>>
Shares of Churchill Downs have returned +2.3% over the previous month versus the Zacks S&P 500 composite’s -3% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it may carry out in keeping with the broader market within the close to time period.
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Churchill Downs, Incorporated (CHDN) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
