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Here's What Key Metrics Tell Us About Boyd (BYD) Q2 Earnings

By Zacks Equity Research | July 24, 2025, 6:00 PM

For the quarter ended June 2025, Boyd Gaming (BYD) reported revenue of $1.03 billion, up 6.9% over the same period last year. EPS came in at $1.87, compared to $1.58 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $980.29 million, representing a surprise of +5.48%. The company delivered an EPS surprise of +11.98%, with the consensus EPS estimate being $1.67.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Boyd performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenues- Online: $173.05 million versus the six-analyst average estimate of $139.48 million. The reported number represents a year-over-year change of +33.2%.
  • Revenues by Segment- Downtown Las Vegas: $55.25 million versus $56.1 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -4.2% change.
  • Revenues by Segment- Midwest and South: $540.08 million versus $531.53 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.5% change.
  • Revenues by Segment- Managed & Other: $36.53 million versus $34.94 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +10.4% change.
  • Revenues by Segment- Las Vegas Locals: $229.09 million versus the five-analyst average estimate of $221.91 million. The reported number represents a year-over-year change of +1.8%.
  • Adjusted EBITDAR- Online: $22.24 million versus $18.72 million estimated by six analysts on average.
  • Adjusted EBITDAR- Managed & Other: $25.96 million versus $24.01 million estimated by six analysts on average.
  • Adjusted EBITDAR- Corporate expense: $-23.87 million versus the six-analyst average estimate of $-24.38 million.
  • Adjusted EBITDAR- Downtown Las Vegas: $19.41 million versus the six-analyst average estimate of $20.91 million.
  • Adjusted EBITDAR- Midwest and South: $201.4 million compared to the $195.56 million average estimate based on six analysts.
  • Adjusted EBITDAR- Las Vegas Locals: $112.71 million compared to the $105.06 million average estimate based on six analysts.

View all Key Company Metrics for Boyd here>>>

Shares of Boyd have returned +6.9% over the past month versus the Zacks S&P 500 composite's +5.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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