BYD Earnings Prediction
The chart below shows how BYD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BYD sees a -2.29% change in stock price 10 days leading up to the earnings, and a +0.21% change 10 days following the report. On the earnings day itself, the stock moves by +0.37%. This data can give you a slight idea of what to expect for the next quarter's release.
BYD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.04B
9.06%
8.29%
Gross Margin
45.15%
-1.33%
1.17%
Operating Margin
25.10%
-7.28%
9.65%
Net Margin
16.38%
68.87%
20.09%
EPS
1.92
104.26%
34.27%
No Data Available
BYD Earnings Analysis
Boyd Gaming Corp Corporation (BYD.N) Earnings Conference Call
Positive
Record Revenue Achievement: Boyd Gaming achieved record revenues of over $3.9 billion in 2024, marking a significant milestone in the company's financial performance.
Strong Operational Efficiency: The company reported EBITDAR of nearly $1.4 billion for the full year, with property-level operating margins exceeding 40%, demonstrating strong operational efficiency.
Record Quarterly Revenue Growth: In Q4 2024, Boyd Gaming surpassed $1 billion in quarterly revenues for the first time, with EBITDAR increasing to nearly $380 million, reflecting consistent growth across its diversified portfolio.
Online Segment Performance: The online segment generated $108 million in EBITDAR for the full year, with expectations to maintain strong performance in 2025, indicating robust growth in this area.
Shareholder Capital Return: Boyd Gaming returned nearly $750 million to shareholders in 2024 through share repurchases and dividends, showcasing a strong commitment to capital return while maintaining a solid balance sheet.
Negative
EBITDAR Guidance Decline: Fourth quarter EBITDAR guidance for 2025 is expected to decline to approximately $80 million to $85 million from $108 million in 2024, indicating a significant drop in profitability for the online segment.
Online Revenue Decline: The online segment's revenue for 2024 was $450 million, but the expected revenue for 2025 is projected to be lower, reflecting a decrease in growth potential.
Stagnant EBITDAR Growth: The managed business segment is expected to generate flat EBITDAR in 2025 compared to 2024, indicating stagnation in growth despite previous strong performance.
Market Competitive Pressures: The company anticipates ongoing competitive pressures in the Las Vegas market, particularly affecting the Orleans and Gold Coast properties, which are expected to stabilize only in the second half of 2025.
Projected Capital Expenditures: Total capital expenditures for 2025 are projected to be approximately $600 million to $650 million, which includes significant maintenance capital, indicating a heavy financial burden on the company.
BYD FAQs
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BYD Earning Call Sentiment
Earnings call transcript: Boyd Gaming beats Q4 2024 forecasts, stock rises
BYD.N
-3.22%Positive
The earnings call reveals strong financial performance with record revenue and EBITDAR, increased guidance, and significant shareholder returns. Despite some expense pressures, management effectively manages margins. The Q&A highlights stable customer growth and potential legislative risks, but overall sentiment remains positive. Share repurchase commitment and strong tourism trends further support a positive outlook. Given these factors, a positive stock price movement is expected over the next two weeks.
