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

Churchill Downs

24/04/2024 22:01

* Churchill Downs Inc  CHDN.OQ  reported quarterly adjusted
earnings of $1.13​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 98 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 83 cents per
share. Wall Street expected results to range from 79 cents to 84
cents per share.
    * Revenue rose 5.6% to $590.90 million from a year ago;
analysts
expected $565.88 million. 
    * Churchill Downs Inc's reported EPS for the quarter was
$1.08​.
    * The company reported quarterly net income of $80.4
million.
    * Churchill Downs Inc shares had fallen by 0.2% this
quarter and
lost 8.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"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 $143.00 
This summary was machine generated from LSEG data April 24 at
09:01 p.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
 Mar. 31 2024      0.83           1.13           Beat
 Dec. 31 2023      0.74           0.86           Beat
 Sep. 30 2023      0.86           0.87           Beat
 Jun. 30 2023      2.60           2.24           Missed