Workflow
Churchill Downs (CHDN) Misses Q1 Earnings and Revenue Estimates
CHDNChurchill Downs rporated(CHDN) ZACKS·2025-04-23 22:10

Core Viewpoint - Churchill Downs reported quarterly earnings of 1.07pershare,missingtheZacksConsensusEstimateof1.07 per share, missing the Zacks Consensus Estimate of 1.08 per share, and down from 1.13pershareayearago,indicatinganegativeearningssurpriseof0.931.13 per share a year ago, indicating a negative earnings surprise of -0.93% [1] - The company posted revenues of 642.6 million for the quarter, which also fell short of the Zacks Consensus Estimate by 0.68%, but showed an increase from 590.9millionyearoveryear[2]FinancialPerformanceOverthelastfourquarters,ChurchillDownshassurpassedconsensusEPSestimatestwotimes[2]Thecompanyhasalsotoppedconsensusrevenueestimatestwotimesinthesameperiod[2]Yeartodate,ChurchillDownsshareshavedeclinedapproximately22.9590.9 million year-over-year [2] Financial Performance - Over the last four quarters, Churchill Downs has surpassed consensus EPS estimates two times [2] - The company has also topped consensus revenue estimates two times in the same period [2] - Year-to-date, Churchill Downs shares have declined approximately 22.9%, compared to a 10.1% decline in the S&P 500 [3] Future Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is 3.24 on revenues of 942.99million,andforthecurrentfiscalyear,itis942.99 million, and for the current fiscal year, it is 6.58 on revenues of $2.94 billion [7] Industry Context - The Gaming industry, to which Churchill Downs belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact the stock's performance [5][6]