BYD

Boyd Gaming reported Q3 2026 results with 2% adjusted revenue growth and announced aggressive capital returns to shareholders. The company is reducing share count by 9.4% annually through $150 million quarterly buybacks while maintaining low leverage of 2.2x and funding major resort development in Norfolk, Virginia, scheduled for November 2027 opening.

Boyd Gaming is expected to report Q3 earnings of $1.67 per share, representing a 2.9% year-over-year decline, with revenues flat at $1 billion. Segment analysis shows mixed results: Midwest and South revenues expected to grow 1%, while Downtown Las Vegas revenues projected to decline 4.7%.

Adjusted EBITDAR metrics are mostly flat to slightly down across segments. The stock carries a Zacks Rank #3 (Hold) rating.

Boyd Gaming is expected to report a year-over-year decline in earnings with flat revenues for Q3 2026. The company's Earnings ESP of -4.16% combined with a Zacks Rank #3 makes it difficult to predict an earnings beat. While Boyd has beaten consensus estimates in 3 of the last 4 quarters, recent analyst revisions have turned bearish, suggesting the stock is not a compelling earnings-beat candidate ahead of its October 22 earnings release.

DraftKings is expanding its addressable market through its Super App strategy, leveraging its Predictions offering to reach customers in states where Sportsbook is unavailable. Over 600,000 customers have adopted Predictions with lower acquisition costs than Sportsbook. However, DKNG stock has declined 26% in three months and holds a Zacks Rank #4 (Sell) rating, with consensus EPS estimates declining over the past 60 days despite projected 36.4% earnings growth in 2026.

DraftKings is shifting more Predictions trading volume to its DKeX exchange to retain fees from external providers. With Futures Commission Merchant approval obtained in July 2026, the company aims to improve profitability through in-house operations.

While Predictions may generate lower revenue per customer than Sportsbook, higher margins could deliver comparable gross profit. However, DKNG stock has declined 26.6% in three months and carries a Zacks Rank #4 (Sell) rating, with consensus EPS estimates declining over the past 60 days.