Although cautious of the downward sales in its core land-based casino demand, Boyd Gaming's diverse portfolio has shown its ability to deliver strong top and bottom-line results. Furthermore, the gaming industry has reported record-breaking demand numbers over the last year, majorly benefiting from the growth in sports betting, which was banned in the USA until 2018.Įarnings Per Share per Quarter (Seeking Alpha)īoyd Gaming started its 2023 financial year on a solid note, beating EPS expectations for the fifth consecutive quarter in Q1 2023 by $0.17 to reach $1.71 and beating revenue expectations by $74.38 million to reach $963.97 million. Amid a turbulent market affected by rising interest rates and a potential recession looming, this type of stock may bring a margin of safety to investors due to its strong fundamentals. Michael Blann/DigitalVision via Getty Imagesīoyd Gaming Corporation ( NYSE: BYD ) caught my attention as a potential stock to consider, not due to its significant growth but because of its healthy cash flow and profitability.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |