Boyd Gaming Corporation (BYD) Hits Fresh High: Is There Still Room to Run?

A strong stock as of late has been Boyd Gaming (BYD). Shares have been marching higher, with the stock up 0.6% over the past month. The stock hit a new 52-week high of $88.49 in the previous session. Boyd has gained 20% since the start of the year compared to the 9.1% move for the Zacks Consumer Discretionary sector and the 24.8% return for the Zacks Gaming industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on July 24, 2025, Boyd reported EPS of $1.87 versus consensus estimate of $1.67 while it beat the consensus revenue estimate by 5.48%.For the current fiscal year, Boyd is expected to post earnings of $6.91 per share on $3.77 in revenues. This represents a 5.5% change in EPS on a -4.04% change in revenues. For the next fiscal year, the company is expected to earn $7.54 per share on $3.57 in revenues. This represents a year-over-year change of 9.12% and -5.29%, respectively.Valuation MetricsThough Boyd has recently hit a 52-week high, what is next for Boyd? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.Boyd has a Value Score of A. The stock's Growth and Momentum Scores are C and B, respectively, giving the company a VGM Score of B.In terms of its value breakdown, the stock currently trades at 12.6X current fiscal year EPS estimates, which is not in-line with the peer industry average of 25.6X. On a trailing cash flow basis, the stock currently trades at 8.6X versus its peer group's average of 11.9X. Additionally, the stock has a PEG ratio of 2.45. This is good enough to put the company in the top echelon of all stocks we cover from a value perspective, making Boyd an interesting choice for value investors.Zacks RankWe also need to consider the stock's Zacks Rank, as this is even more important than the company's VGM Score. Fortunately, Boyd currently has a Zacks Rank of #2 (Buy) thanks to a solid earnings estimate revision trend.Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Boyd fits the bill. Thus, it seems as though Boyd shares could have potential in the weeks and months to come.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>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 Corporation (BYD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks