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Surging Earnings Estimates Signal Good News for Boyd Gaming (BYD)

Zacks Equity Research
Updated

Boyd Gaming Corporation BYD is a Gaming company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BYD’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Boyd Gaming could be a solid choice for investors.

Current Quarter Estimates for BYD

In the past 30 days, 6 estimates have gone higher for Boyd Gaming with no downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 9 cents a share 30 days ago, to 13 cents today, a move of 44.4%.

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Current Year Estimates for BYD

Meanwhile, Boyd Gaming’s current year figures have seen 5 estimates moving higher in the past month, compared to no downward revision. The consensus estimate trend has seen a boost for this time frame, increasing from 55 cents a share 30 days ago to 68 cents per share today, an increase of 23.6%.

Bottom Line

The stock has also started to move higher lately, adding 24.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
BOYD GAMING CP (BYD): Free Stock Analysis Report
 
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