Churchill Downs Inc reports results for the quarter ended in September 30 - Earnings Summary

Churchill Downs

24/10/2024 04:16

* Churchill Downs Inc  CHDN.OQ  reported quarterly adjusted
earnings of 97 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 87 cents.  The mean expectation of
eight analysts for the quarter was for earnings of $1.06 per
share. Wall Street expected results to range from 94 cents
to $1.22 per share.
    * Revenue rose 9.8% to $628.50 million from a year ago;
analysts
expected $628.39 million. 
    * Churchill Downs Inc's reported EPS for the quarter was 86
cents​.
    * The company reported quarterly net income of $65.4
million.
    * Churchill Downs Inc shares had fallen by 0.7% this
quarter and
lost 0.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," no
"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 $164.00 
This summary was machine generated from LSEG data October 24 at
03:16 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
 Sep. 30 2024      1.06           0.97           Missed
 Jun. 30 2024      2.71           2.89           Beat
 Mar. 31 2024      0.83           1.13           Beat
 Dec. 31 2023      0.74           0.86           Beat