Boyd Gaming Second Quarter Earnings Sneak Peek

Boyd Gaming Corporation (NYSE:BYD) will unveil its latest earnings on Tuesday, July 24, 2012. Boyd Gaming owns and operates casino entertainment facilities located in Nevada, Mississippi, Illinois, Louisiana, and Indiana.

Boyd Gaming Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 10 cents per share, a rise of 900% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 11 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 10 cents during the last month. Analysts are projecting profit to rise by 2700% compared to last year’s 28 cents.

Last quarter, the company came in at net income of 10 cents per share against a mean estimate of profit of 8 cents per share, beating estimates after missing them in the previous quarter. In the fourth quarter of the last fiscal year, it missed forecasts by 2 cents.

Investing Insights: Is TV the Next Bullish Catalyst for Apple’s Stock?

A Look Back: In the first quarter, the company swung to a profit of $5.9 million (7 cents a share) from a loss of $3.5 million (4 cents) a year earlier, beating analyst estimates. Revenue rose 12.1% to $633.1 million from $564.9 million.

Stock Price Performance: Between April 24, 2012 and July 19, 2012, the stock price fell 78 cents (-10%), from $7.78 to $7. The stock price saw one of its best stretches over the last year between January 9, 2012 and January 18, 2012, when shares rose for seven straight days, increasing 28.5% (+$1.97) over that span. It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight days, dropping 37% (-$3.57) over that span.

Wall St. Revenue Expectations: On average, analysts predict $625.1 million in revenue this quarter, a rise of 8.8% from the year-ago quarter. Analysts are forecasting total revenue of $2.49 billion for the year, a rise of 6.4% from last year’s revenue of $2.34 billion.

Key Stats:

On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 9.9% in the fourth quarter of the last fiscal year before climbing again in the first quarter.

Analyst Ratings: There are mostly holds on the stock with 10 of 17 analysts surveyed giving that rating.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 0.65 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, a ratio less than one could indicate a company may have difficulty meeting current obligations. The company regressed in this liquidity measure from 0.73 in the fourth quarter of the last fiscal year to the last quarter driven in part by a decrease in current assets. Current assets decreased 8.6% to $313.2 million while liabilities rose by 2.4% to $483.5 million.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Hot Additional Stories:

Ford Motor Second Quarter Earnings Sneak Peek>>

Time to BUY This Dow Stock Near a 20 Year Low?

SILVER: A Metal of Sunken Treasure and Champions>>