Churchill Downs (CHDN) Expected to Announce Earnings on Wednesday

Key Points

• Q1 2026 results due: Churchill Downs will likely report Q1 2026 earnings after the market close on Wednesday, April 22, with analysts forecasting $1.03 EPS and $659.3 million in revenue and an earnings call scheduled for April 23 at 9:00 AM ET.
• Recent beat and outlook: In the prior quarter the company beat estimates with $0.97 EPS (vs. $0.85) and $665.9M revenue; analysts project ~$7 EPS for the current fiscal year and ~$8 for the next, and the stock carries a consensus "Moderate Buy" rating with an average target of $135.
• Market and ownership snapshot: Shares were trading up ~2.7%, the company has a market cap of $6.41 billion and a P/E of 17.48, a 52-week range of $80.24–$118.46, and institutional investors own about 82.59% of the stock.

Churchill Downs (NASDAQ:CHDN - Get Free Report) will likely be releasing its Q1 2026 results after the market closes on Wednesday, April 22nd. Analysts expect Churchill Downs to post earnings of $1.03 per share and revenue of $659.3230 million for the quarter. Interested persons may visit the the company's upcoming Q1 2026 earning results page for the latest details on the call scheduled for Thursday, April 23, 2026 at 9:00 AM ET.

Churchill Downs (NASDAQ:CHDN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. Churchill Downs had a net margin of 13.09% and a return on equity of 43.26%. The firm had revenue of $665.90 million for the quarter, compared to analyst estimates of $658.01 million. During the same quarter last year, the firm posted $0.92 earnings per share. Churchill Downs's revenue for the quarter was up 6.7% compared to the same quarter last year. On average, analysts expect Churchill Downs to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Churchill Downs Trading Up 2.7%

NASDAQ CHDN opened at $91.94 on Wednesday. Churchill Downs has a one year low of $80.24 and a one year high of $118.46. The company's 50 day moving average price is $89.48 and its 200 day moving average price is $98.96. The company has a debt-to-equity ratio of 5.02, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.49 and a beta of 0.65.

Wall Street Analyst Weigh In

Several research firms recently commented on CHDN. Citigroup restated an "outperform" rating on shares of Churchill Downs in a report on Wednesday, January 14th. Wells Fargo & Company cut their price target on shares of Churchill Downs from $125.00 to $124.00 and set an "overweight" rating on the stock in a report on Friday, February 27th. Jefferies Financial Group restated a "buy" rating on shares of Churchill Downs in a report on Wednesday, December 24th. Finally, Citizens Jmp raised their price target on shares of Churchill Downs from $142.00 to $146.00 and gave the company a "market outperform" rating in a report on Wednesday, January 14th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $135.00.

Institutional Trading of Churchill Downs

A number of hedge funds have recently made changes to their positions in CHDN. AQR Capital Management LLC raised its stake in shares of Churchill Downs by 29.8% during the first quarter. AQR Capital Management LLC now owns 3,415 shares of the company's stock valued at $373,000 after purchasing an additional 784 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Churchill Downs by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 483,252 shares of the company's stock valued at $53,675,000 after purchasing an additional 121,204 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Churchill Downs by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,800 shares of the company's stock valued at $25,080,000 after purchasing an additional 15,161 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Churchill Downs by 1,364.7% during the first quarter. Geneos Wealth Management Inc. now owns 249 shares of the company's stock valued at $28,000 after purchasing an additional 232 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Churchill Downs during the second quarter valued at approximately $229,000. Hedge funds and other institutional investors own 82.59% of the company's stock.

About Churchill Downs

Churchill Downs Incorporated is a leading American entertainment and gaming company best known for operating the Churchill Downs racetrack in Louisville, Kentucky, home of the annual Kentucky Derby. Beyond its signature thoroughbred racing venue, the company manages a diversified portfolio of live racing facilities, casinos, and off-track betting operations. Its services encompass pari-mutuel wagering, historical horse racing machines, and online betting through its TwinSpires platform, reaching horse racing and sports betting enthusiasts nationwide.

In its live racing segment, Churchill Downs oversees a network of racetracks and racing festivals, offering year-round events in multiple states.

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