- Churchill Downs reported an adjusted EPS of 97 cents, surpassing the estimate of 95 cents.
- The actual EPS for the third quarter is 86 cents, up from 79 cents year over year.
- Net revenue increased by 9.8% year over year to $628.5 million, aligning with estimates.
- Adjusted net income rose by 7.6% year over year to $72.1 million, beating the estimate of $70.4 million.
- Adjusted EBITDA reached $235.3 million, a 7.8% increase year over year, slightly below the estimate of $237.3 million.
- Analysts are bullish on the company’s prospects with 10 buy ratings and no holds or sells.
A look at Churchill Downs Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
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
Churchill Downs Incorporated, the renowned horse racing company famed for hosting the prestigious Kentucky Derby, appears to have a promising long-term outlook based on its Smartkarma Smart Scores. With a notable Growth score of 4, the company shows significant potential for expansion and development in the future. Additionally, a Momentum score of 3 suggests that Churchill Downs is building positive market momentum, indicating a favorable trend in its overall performance.
While the company scores moderately in other areas such as Value, Dividend, and Resilience, the standout Growth and Momentum scores hint at a bright future for Churchill Downs. This indicates that despite facing challenges, the company is actively positioning itself for future success and growth within the horse racing industry and beyond.
Summary: Churchill Downs Incorporated is a horse racing company with its flagship operation, Churchill Downs, known for hosting the prestigious Kentucky Derby. The company also operates additional racing and simulcast-wagering operations in multiple states and has 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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