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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.
Founded in 1975 and headquartered in Las Vegas, Boyd Gaming Corporation is a multi-jurisdictional gaming company. It owns and operates gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania. As of Mar 31, 2024, the company owns and operates 28 properties, offering 1.71 million square feet of casino space, 28,917 slot machines, 617 table games and 10,405 hotel rooms.
BYD is a Zacks Rank #1 (Strong Buy) stock, with a Value Style Score of A and VGM Score of A. Shares are currently trading at a forward P/E of 12.6X for the current fiscal year compared to the Gaming industry’s P/E 23X. Additionally, BYD has a PEG Ratio of 2.9 and a Price/Cash Flow ratio of 8.6X. Value investors should also note BYD’s Price/Sales ratio of 1.8X.
A company’s earnings performance is important for value investors as well. For fiscal 2025, five analysts revised their earnings estimate higher in the last 60 days for BYD, while the Zacks Consensus Estimate has increased $0.41 to $6.88 per share. BYD also holds an average earnings surprise of 9.1%.
BYD should be on investors’ short list because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.
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Boyd Gaming Corporation (BYD) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
