Boyd Gaming earnings missed by $0.03, revenue fell short of estimates

Boyd Gaming reported Q3 2026 revenues of $990.4M, down from last year's $1B windfall from FanDuel. CEO Keith Smith attributed weaker-than-expected performance to slower tourism, renovations, and external factors like Hawaiian storms. Las Vegas locals market revenues rose 3% excluding The Orleans and Suncoast. Midwest and South properties contributed over half of total revenues. Management expects renovations to complete by Q1 2027 and Cadence Crossing to perform well.

Boyd Gaming (NYSE:BYD) reported Q3 2026 revenue of $990.5 million, missing estimates with a 1.4% year-on-year decline. Operating margin improved to 19.7%, while EPS fell to $1.67 but beat estimates. Analysts expect 1.6% revenue growth and 2.2% EPS decline over the next 12 months.

Boyd Gaming (BYD) reported Q3 2026 adjusted EPS of $1.67, missing estimates by $0.03, and revenue of $990.5M, below the $1.0B forecast. The miss was attributed to softness in destination business and construction disruptions. The stock traded flat after hours at $72.27, reflecting pre-existing lowered expectations.

Boyd Gaming (BYD) reported a 1% revenue decline to $991M in Q3. Net income fell to $124.9M from $1.4B a year ago, impacted by a $1.4B tax gain from FanDuel's sale. Adjusted EPS was $1.67.

Boyd Gaming (NYSE:BYD) reported Q3 adjusted EPS of $1.67, missing estimates of $1.70, due to soft Las Vegas demand. Revenue was $990.5M, down 1.4% YoY. Net income fell to $124.9M from $1.4B YoY, which included a large gain from a prior sale. Shares dropped 1.4% after-hours. The company cited resilience in Midwest & South and Online segments, while Las Vegas Locals faced challenges. Boyd repurchased $164M in shares and paid a $0.20 dividend.

Boyd Gaming Corp. (BYD) reported Q3 net income of $124.9M, or $1.71 per share, beating earnings estimates of $1.65 per share but missing revenue forecasts of $1B with $990.5M. Shares are down 15% YTD and 13% over the past year.