Churchill Downs, Incorporated (NASDAQ:CHDN) is reporting second quarter financial results on Wednesday 29th July 2020, after market close.
According to analysts surveyed by Thomson Reuters, CHDN is expected to report 2Q20 loss of $ 0.55 per share from revenue of $ 119.95 million.
For the full year, analysts anticipate top line of $ 995.97 million, while looking forward to income of $ 1.33 per share bottom line.
Previous Quarter Performance
Churchill Downs, Incorporated recorded income for the first quarter of $ 0.05 per share, from the revenue of $ 252.90 million. The quarterly earnings declined 92.06 percent while revenues reduced 4.71 percent compared with the same quarter last year.
Street analysts expected Churchill Downs, Incorporated to report income of $ 0.16 per share on revenue of $ 264.97 million for the first quarter. The bottom line results missed street analysts by $ 0.11 or 68.75 percent, at the same time, top line results fell short of analysts by $ 12.07 million or 4.56 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CHDN was $ 125.80, representing a 137.81 % increase from the 52 week low of $ 52.90 and a 24.91 % decrease over the 52 week high of $ 167.53.
The company has a market capital of $ 4.96 billion and is part of the Consumer Cyclical sector and Gambling industry.
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Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, Online Wagering, and Other Investments and Corporate segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.
