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Seeking Clues to Churchill Downs (CHDN) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics

In its upcoming report, Churchill Downs (CHDN) is predicted by Wall Street analysts to post quarterly earnings of $0.78 per share, reflecting a decline of 20.4% compared to the same period last year. Revenues are forecasted to be $558.29 million, representing a year-over-year decrease of 0.2%.

The current level reflects an upward revision of 0.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.

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That said, let's delve into the average estimates of some Churchill Downs metrics that Wall Street analysts commonly model and monitor.

According to the collective judgment of analysts, 'Revenue- Gaming' should come in at $236.33 million. The estimate indicates a year-over-year change of -5.5%.

The collective assessment of analysts points to an estimated 'Revenue- TwinSpires' of $101.80 million. The estimate suggests a change of +7.4% year over year.

It is projected by analysts that the 'Revenue- Live and Historical Racing' will reach $218.87 million. The estimate points to a change of +2.1% from the year-ago quarter.

The consensus estimate for 'Adjusted EBITDA- Gaming' stands at $114.43 million. Compared to the current estimate, the company reported $129.50 million in the same quarter of the previous year.

Based on the collective assessment of analysts, 'Adjusted EBITDA- TwinSpires' should arrive at $34.73 million. The estimate is in contrast to the year-ago figure of $29.40 million.

Analysts predict that the 'Adjusted EBITDA- Live and Historical Racing' will reach $85.03 million. Compared to the current estimate, the company reported $82.10 million in the same quarter of the previous year.

View all Key Company Metrics for Churchill Downs here>>>

Shares of Churchill Downs have demonstrated returns of +2.6% over the past month compared to the Zacks S&P 500 composite's -4.2% change. With a Zacks Rank #3 (Hold), CHDN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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Churchill Downs, Incorporated (CHDN) : Free Stock Analysis Report

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