Churchill Downs (CHDN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Churchill Downs (CHDN) reported $628.5 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 9.8%. EPS of $0.97 for the same period compares to $0.87 a year ago.The reported revenue represents a surprise of -0.70% over the Zacks Consensus Estimate of $632.96 million. With the consensus EPS estimate being $0.96, the EPS surprise was +1.04%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Churchill Downs performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Gaming: $270.30 million compared to the $274.77 million average estimate based on eight analysts. The reported number represents a change of +10.4% year over year. Revenue- TwinSpires: $118.70 million compared to the $117.42 million average estimate based on eight analysts. The reported number represents a change of +5.6% year over year. Revenue- Live and Historical Racing: $252.40 million versus $240.71 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +11.9% change. Revenue- All Other: $2.60 million versus $0.17 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1200% change. Adjusted EBITDA- All Other: -$23.50 million versus -$21.68 million estimated by eight analysts on average. Adjusted EBITDA- Gaming: $123.30 million compared to the $132.38 million average estimate based on eight analysts. Adjusted EBITDA- TwinSpires: $42.50 million versus the eight-analyst average estimate of $40.24 million. Adjusted EBITDA- Live and Historical Racing: $93 million compared to the $92.35 million average estimate based on eight analysts. View all Key Company Metrics for Churchill Downs here>>>Shares of Churchill Downs have returned +0.7% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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 Churchill Downs, Incorporated (CHDN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks