Boyd GamingNYSE: BYD

Boyd Gaming (BYD) invests in property upgrades and renovations across its portfolio to drive long-term growth. However, inflationary pressures are a concern.

Boyd Gaming (BYD) benefits from organic and inorganic expansion strategies along with its focus on online betting and Las Vegas markets. Yet, high costs and intense competition hinder prospects.

Boyd Gaming's (BYD) first-quarter 2023 results were affected by harsh winter weather in January in the Midwest and South, as well as a weaker Las Vegas locals market.

Boyd Gaming Corporation (NYSE: BYD) held its Q1 2024 Earnings Conference Call on April 25, 2024 at 5:00 PM ET. Present at the call were David Strow, Vice President of Corporate Communications, Keith Smith, President and CEO, and Josh Hirsberg, Executive Vice President and CFO. Various analysts from companies such as Stifel, JPMorgan, and Deutsche Bank also participated in the call.

The Boyd (BYD) headline figures offer a glimpse into the company's performance in the first quarter of 2024, but it could be beneficial to compare certain key metrics with Wall Street predictions and last year's results.

Boyd Gaming (BYD) reported earnings of $1.51 per share for the quarter, which fell short of the expected $1.57 per share according to Zacks. This is lower than the $1.71 per share earnings reported in the same quarter last year.

Boyd Gaming (BYD) benefits from robust visitation, new property openings and refurbishment of existing properties.

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