Churchill Downs Inc reports results for the quarter ended in December - Earnings Summary

Churchill Downs

23/02/2024 03:00

* Churchill Downs Inc  CHDN.OQ  reported quarterly adjusted
earnings of 86 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 73 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 74 cents per
share. Wall Street expected results to range from 61 cents to 81
cents per share.
    * Revenue rose 16.9% to $561.20 million from a year ago;
analysts
expected $553.68 million. 
    * Churchill Downs Inc's reported EPS for the quarter was 76
cents​.
    * The company reported quarterly net income of $57.6
million.
    * Churchill Downs Inc shares had fallen by 13.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the casinos &
gaming
peer group is also "buy"

Wall Street's median 12-month price target for Churchill Downs
Inc is $143.50 
This summary was machine generated from LSEG data February 23 at
03:00 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.74           0.86           Beat
 Sep. 30 2023      0.86           0.87           Beat
 Jun. 30 2023      2.60           2.24           Missed
 Mar. 31 2023      0.90           0.98           Beat