Churchill Downs (CHDN) Set to Announce Quarterly Earnings on Wednesday
Churchill Downs (NASDAQ:CHDN) will issue its Q313 quarterly earnings data on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $193.04 million for the quarter.
Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $2.81 earnings per share for the quarter, missing the analysts’ consensus estimate of $2.90 by $0.09. The company had revenue of $283.80 million for the quarter, compared to the consensus estimate of $292.23 million. During the same quarter in the prior year, the company posted $2.77 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts expect Churchill Downs to post $3.48 EPS for the current fiscal year and $4.35 EPS for the next fiscal year.
Churchill Downs (NASDAQ:CHDN) traded down 0.03% on Tuesday, hitting $87.99. The stock had a trading volume of 27,249 shares. Churchill Downs has a one year low of $56.66 and a one year high of $86.38. The stock’s 50-day moving average is $82.17 and its 200-day moving average is $77.6. The company has a market cap of $1.519 billion and a P/E ratio of 26.09.
A number of research firms have recently commented on CHDN. Analysts at McLean Capital Management upgraded shares of Churchill Downs from a “sell” rating to a “neutral” rating in a research note to investors on Friday. On a related note, analysts at Zacks upgraded shares of Churchill Downs from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 16th. They now have a $89.60 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Churchill Downs from $9.50 to $10.75 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Churchill Downs has a consensus rating of “Buy” and a consensus price target of $49.64.
Churchill Downs Incorporated is a diversified provider of pari-mutuel horseracing, casino gaming, entertainment, and is the country’s premier source of online account wagering on horseracing events.
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