Boyd (BYD) Reports Q1 Earnings: What Key Metrics Have to Say

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

Boyd Gaming (BYD) reported $991.57 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 3.2%. EPS of $1.62 for the same period compares to $1.51 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $970.21 million, representing a surprise of +2.20%. The company delivered an EPS surprise of +6.58%, with the consensus EPS estimate being $1.52.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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: $169.57 million compared to the $152.20 million average estimate based on five analysts. The reported number represents a change of +16% year over year.
  • Revenues by Segment- Downtown Las Vegas: $57.29 million versus the four-analyst average estimate of $53.91 million. The reported number represents a year-over-year change of +7%.
  • Revenues by Segment- Midwest and South: $504.59 million versus the four-analyst average estimate of $502.33 million. The reported number represents a year-over-year change of +0.8%.
  • Revenues by Segment- Managed & Other: $37.32 million versus $35.69 million estimated by four analysts on average.
  • Revenues by Segment- Las Vegas Locals: $222.80 million versus the four-analyst average estimate of $225 million. The reported number represents a year-over-year change of -1.3%.
  • Adjusted EBITDAR- Online: $23.31 million versus the five-analyst average estimate of $22.06 million.
  • Adjusted EBITDAR- Managed & Other: $27.32 million versus $24.82 million estimated by five analysts on average.
  • Adjusted EBITDAR- Corporate expense: -$23.80 million versus the five-analyst average estimate of -$24.32 million.
  • Adjusted EBITDAR- Downtown Las Vegas: $20.92 million compared to the $18.36 million average estimate based on five analysts.
  • Adjusted EBITDAR- Midwest and South: $183.22 million versus the five-analyst average estimate of $182.16 million.
  • Adjusted EBITDAR- Las Vegas Locals: $106.55 million versus the five-analyst average estimate of $107.84 million.
View all Key Company Metrics for Boyd here>>>

Shares of Boyd have returned -2.8% over the past month versus the Zacks S&P 500 composite's -5.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform 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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