- Churchill Downs reported Adjusted EPS of $1.07, surpassing the estimate of $1.05.
- EPS decreased to $1.02 from $1.08 year over year.
- Net revenue increased by 8.7% year over year to $642.6 million, beating the estimate of $641.6 million.
- Adjusted net income decreased by 5.7% to $79.9 million, though it was above the estimate of $76 million.
- Adjusted EBITDA rose by 1.1% to $245.1 million, slightly exceeding the estimate of $243.7 million.
- Analyst rating summary: 10 buy ratings, 1 hold rating, and no sell ratings.
A look at Churchill Downs Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
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Based on the Smartkarma Smart Scores, Churchill Downs shows a promising long-term outlook. With a Growth score of 4, the company is positioned well for expansion and increasing revenues over time. This could indicate positive prospects for future business development and financial performance. Additionally, the Resilience and Momentum scores of 3 each suggest that Churchill Downs has the ability to withstand economic fluctuations and maintain a steady pace of growth.
Although the Value and Dividend scores are not as high, at 2 each, the strong scores in Growth, Resilience, and Momentum paint a favorable overall picture. Investors may see Churchill Downs as a company with potential for sustained growth and stability in the long run, supported by its diverse racing and wagering operations in key states and its association with the iconic Kentucky Derby.
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### Churchill Downs Incorporated is a horse racing company whose flagship operation, Churchill Downs, is the home of the Kentucky Derby. The Company has additional racing and simulcast-wagering operations in Kentucky, Indiana, and Florida, as well as interests in various racing services companies. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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