CHDN Earnings Prediction
The chart below shows how CHDN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CHDN sees a +1.47% change in stock price 10 days leading up to the earnings, and a +3.23% change 10 days following the report. On the earnings day itself, the stock moves by -0.62%. This data can give you a slight idea of what to expect for the next quarter's release.
CHDN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
628.50M
9.78%
-29.44%
Gross Margin
30.25%
4.78%
-31.20%
Operating Margin
20.02%
0.70%
-46.07%
Net Margin
10.53%
-1.22%
-55.38%
EPS
0.86
8.86%
-69.18%
No Data Available
CHDN Earnings Analysis
Churchill Downs Inc Corporation (CHDN.O) Earnings Conference Call
Positive
Record Revenue and EBITDA: We delivered all-time record net revenue and all-time record adjusted EBITDA in the third quarter.
Record Revenue and EBITDA: We also delivered record third quarter revenue and adjusted EBITDA across both our Live and Historical Racing segments and our Gaming segment as well as record adjusted EBITDA for our Twin Spires segment.
Strategic Growth and Confidence: Our strategic choices and capital investments continue to drive best-in-class growth and we look forward to our future with confidence and focus.
Project Progress Update: We have made significant progress on the Starting Gate Pavilion project at Churchill Downs Racetrack that we announced on our earnings call last quarter.
Project Completion Status: We are on track to complete this project on budget and on time for next year's Kentucky Derby.
Negative
Customer Growth Decline: The company reported a decline in customer growth, with a net loss of 5,000 customers in the third quarter compared to the previous quarter.
Operating Expenses Impact Profitability: Operating expenses increased by 12% year-over-year, significantly impacting profitability.
Gaming Revenue Decline: The Gaming segment experienced a revenue drop of 15% compared to the same quarter last year, indicating a decline in market demand.
Rising Cost Impact: The company faced a 20% increase in cost of goods sold, which negatively affected gross margins.
Product Launch Delay: There was a significant delay in the launch of the new product line, pushing the expected release date back by six months.
CHDN FAQs
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CHDN Earning Call Sentiment
Churchill Downs Incorporated (CHDN) Q3 2024 Earnings Call Transcript
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CHDN.O
2.24%Positive
The earnings call highlights record revenue and EBITDA, strong financial performance in Virginia, and increased dividends, indicating robust financial health. The Q&A reveals optimism about Virginia's growth and successful HRM deployments, despite some vague responses. The dividend increase and strong cash flow further bolster positive sentiment. Overall, the company's achievements and strategic plans suggest a likely stock price increase in the short term.
