For the quarter ended September 2023, Churchill Downs (CHDN) reported revenue of $572.5 million, up 49.4% over the same period last year. EPS came in at $0.87, compared to $0.81 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $572.46 million, representing a surprise of +0.01%. The company delivered an EPS surprise of +3.57%, with the consensus EPS estimate being $0.84.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Churchill Downs performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Net Revenues- Gaming: $244.90 million versus the three-analyst average estimate of $243.43 million. The reported number represents a year-over-year change of +33.5%.

• Net Revenues- TwinSpires: $112.40 million versus $111.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.

• Net Revenues- Live and Historical Racing: $225.50 million compared to the $218.40 million average estimate based on three analysts. The reported number represents a change of +144.3% year over year.

• Net Revenues- All Other: $0.20 million compared to the $0.20 million average estimate based on two analysts.

• Adjusted EBITDA- All Other: -$18.90 million versus the three-analyst average estimate of -$18.70 million.

• Adjusted EBITDA- Gaming: $122.30 million versus the three-analyst average estimate of $123.03 million.

• Adjusted EBITDA- TwinSpires: $33.90 million compared to the $32.37 million average estimate based on three analysts.

• Adjusted EBITDA- Live and Historical Racing: $80.90 million compared to the $80.33 million average estimate based on three analysts.

View all Key Company Metrics for Churchill Downs here>>>

Shares of Churchill Downs have returned -65.4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

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