As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the casino operator industry, including Boyd Gaming (NYSE:BYD) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Bally's (NYSE:BALY) and the rest of the casino operator stocks fared in Q4.
Boyd Gaming currently trades at $69.26 and has been a dream stock for shareholders. It’s returned 497% since March 2020, more than tripling the S&P 500’s 149% gain. The company has also beaten the index over the past six months as its stock price is up 8.2% thanks to its solid quarterly results.
Wolfe Research sees Tesla stock as significantly overvalued. Its analysts favour a short position in TSLA at current levels. Tesla stock is currently up over 100% versus 10 months ago.
Casino resort and entertainment company Red Rock Resorts (NASDAQ:RRR)
will be reporting results tomorrow after the bell. Here’s what investors should know.
Gaming and hospitality company Boyd Gaming (NYSE:BYD) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 9.1% year on year to $1.04 billion. Its non-GAAP profit of $1.96 per share was 9.3% above analysts’ consensus estimates.
It's a mixed session on Wall Street, with major indices struggling for direction as investors hold their breath ahead of a key jobs report set for Friday morning. The S&P 500 and the Nasdaq 100 edged up 0.3%, while the Dow Jones slipped 0.1% and small caps held steady.
