Churchill Downs Incorporated (NASDAQ:CHDN ) Q3 2025 Earnings Call October 23, 2025 8:00 AM EDT Company Participants Sam Ullrich - Vice President of Investor Relations William C. Carstanjen - CEO & Director Marcia Dall - Executive VP & CFO Conference Call Participants Barry Jonas - Truist Securities, Inc., Research Division David Katz - Jefferies LLC, Research Division Chad Beynon - Macquarie Research Daniel Guglielmo - Capital One Securities, Inc., Research Division Daniel Politzer - JPMorgan Chase & Co, Research Division Benjamin Chaiken - Mizuho Securities USA LLC, Research Division Jeffrey Stantial - Stifel, Nicolaus & Company, Incorporated, Research Division Brandt Montour - Barclays Bank PLC, Research Division Shaun Kelley - BofA Securities, Research Division Joseph Stauff - Susquehanna Financial Group, LLLP, Research Division Presentation Operator Good day, ladies and gentlemen, and welcome to the Churchill Downs Incorporated 2025 Third Quarter Earnings Conference Call.
The headline numbers for Churchill Downs (CHDN) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Churchill Downs (CHDN) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.97 per share a year ago.
Churchill Downs Incorporated (NASDAQ:CHDN ) Q2 2025 Earnings Conference Call July 24, 2025 9:00 AM ET Company Participants Marcia Ann Dall - Executive VP & CFO Sam Ullrich - Vice President of Investor Relations William C. Carstanjen - CEO & Director Conference Call Participants Barry Jonathan Jonas - Truist Securities, Inc., Research Division Benjamin Nicolas Chaiken - Mizuho Securities USA LLC, Research Division Brandt Antoine Montour - Barclays Bank PLC, Research Division Chad C.
Churchill Downs (CHDN) came out with quarterly earnings of $3.1 per share, beating the Zacks Consensus Estimate of $3.03 per share. This compares to earnings of $2.89 per share a year ago.
Besides Wall Street's top-and-bottom-line estimates for Churchill Downs (CHDN), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2025.
Churchill Downs (CHDN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
We initiate on Churchill Downs Incorporated with a Strong Buy rating, based on a unique combination of margin expansion, capital discipline, and high conviction in above-consensus earnings growth. Our implied valuation is supported by a PT of $131 per share, based on 18x FY26E forward P/E multiple. We estimate FY25E diluted EPS of $6.45 and FY26E diluted EPS of $7.30, which represents 13% annualized growth, and is meaningfully ahead of consensus.
Churchill Downs Incorporated is the owner of the track where the famed namesake race is run —and some analysts say its stock has plenty of upside right now
Top racehorses will run in the Kentucky Derby on Saturday, but a planned nearly $1 billion revamp of facilities at the Churchill Downs racetrack that hosts the famous race is on hold.
Churchill Downs has paused a $900 million capital improvement project due to global uncertainty. CEO Bill Carstanjen said this year's Kentucky Derby on Saturday is on pace to match last year's in terms of demand.
Churchill Downs Inc. NASDAQ: CHDN delivered record revenue and solid earnings in the just-ended quarter. However, some unexpected news about a previously announced renovation is causing the stock to drop more than 16% in after-hours trading.