Wall Street brokerages forecast that Churchill Downs Incorporated (NASDAQ:CHDN) will report sales of $362.58 million for the current quarter, according to Zacks. Seven analysts have provided estimates for Churchill Downs’ earnings, with estimates ranging from $338.81 million to $377.75 million. Churchill Downs reported sales of $278.20 million during the same quarter last year, which indicates a positive year-over-year growth rate of 30.3%. The firm is expected to report its next quarterly earnings results on Wednesday, February 23rd.
According to Zacks, analysts expect that Churchill Downs will report full-year sales of $1.59 billion for the current year, with estimates ranging from $1.57 billion to $1.61 billion. For the next financial year, analysts anticipate that the company will post sales of $1.84 billion, with estimates ranging from $1.77 billion to $1.91 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Churchill Downs.
Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings results on Tuesday, October 26th. The company reported $1.61 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.14. The business had revenue of $393.00 million for the quarter, compared to analyst estimates of $406.76 million. Churchill Downs had a return on equity of 73.90% and a net margin of 14.76%. Churchill Downs’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the company posted $1.19 earnings per share.
Access our premier research platform that includes MarketBeat Daily Premium, portfolio monitoring tools, stock screeners, research tools, a real-time news feed, email and SMS alerts, the MarketBeat Idea Engine, proprietary brokerage rankings, extended data export tools and much more. Save 50% Your 2022 Subscription. Just $1.00 for the first 30 days.
A number of brokerages recently commented on CHDN….
