Latest news with #ChurchillDowns
Yahoo
3 hours ago
- Business
- Yahoo
Here's Why Churchill Downs Incorporated (CHDN) Traded Down in Q2
The London Company, an investment management company, released 'The London Company Mid Cap Strategy' second quarter 2025 investor letter. A copy of the letter can be downloaded here. US equities saw a double-digit surge in the second quarter following a sharp decline in the first quarter. The mid-cap composite rose 5.7% (5.5% net) in the second quarter, falling short of the Russell Midcap Index's 8.5% increase. Please review the fund's top 5 holdings to gain insight into their key selections for 2025. In its second quarter 2025 investor letter, The London Company Mid Cap Strategy highlighted stocks such as Churchill Downs Incorporated (NASDAQ:CHDN). Churchill Downs Incorporated (NASDAQ:CHDN) is a US-based racing, online wagering, and gaming entertainment company. The one-month return of Churchill Downs Incorporated (NASDAQ:CHDN) was 5.38%, and its shares lost 22.96% of their value over the last 52 weeks. On July 29, 2025, Churchill Downs Incorporated (NASDAQ:CHDN) stock closed at $110.60 per share, with a market capitalization of $7.756 billion. The London Company Mid Cap Strategy stated the following regarding Churchill Downs Incorporated (NASDAQ:CHDN) in its second quarter 2025 investor letter: "Churchill Downs Incorporated (NASDAQ:CHDN) – CHDN has underperformed due to weakness in regional gaming, concern about consumer spending, and lower Derby profitability y/y. We note that the Derby was facing the 150th anniversary last year, and we continue to like CHDN, its highly cash-generative assets, track record of good capital allocation, and opportunities to reinvest in the business at attractive returns. A city skyline looking down on a busy racetrack with jockeys on horseback. Churchill Downs Incorporated (NASDAQ:CHDN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held Churchill Downs Incorporated (NASDAQ:CHDN) at the end of the first quarter, which was 41 in the previous quarter. In the second quarter of 2025, Churchill Downs Incorporated (NASDAQ:CHDN) delivered all-time record net revenue of $934 million and all-time record adjusted EBITDA of $451 million. While we acknowledge the potential of Churchill Downs Incorporated (NASDAQ:CHDN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Churchill Downs Incorporated (NASDAQ:CHDN) and shared the list of stocks expected to beat the market by 20 percentage points this year. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
2 days ago
- Business
- Yahoo
Rush Street Interactive Earnings: What To Look For From RSI
Online casino and sports betting company Rush Street Interactive (NYSE:RSI) will be announcing earnings results this Wednesday after the bell. Here's what investors should know. Rush Street Interactive beat analysts' revenue expectations by 0.5% last quarter, reporting revenues of $262.4 million, up 20.7% year on year. It was a strong quarter for the company, with a solid beat of analysts' EPS estimates and an impressive beat of analysts' adjusted operating income estimates. It reported 203,000 monthly active users, up 15.3% year on year. Is Rush Street Interactive a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Rush Street Interactive's revenue to grow 13.5% year on year to $250.2 million, slowing from the 33.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Rush Street Interactive has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 6.1% on average. Looking at Rush Street Interactive's peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Churchill Downs delivered year-on-year revenue growth of 4.9%, beating analysts' expectations by 1.4%, and Hasbro reported a revenue decline of 1.5%, topping estimates by 11.2%. Churchill Downs traded up 4.1% following the results while Hasbro was down 3.3%. Read our full analysis of Churchill Downs's results here and Hasbro's results here. There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 9.6% on average over the last month. Rush Street Interactive is up 4.6% during the same time and is heading into earnings with an average analyst price target of $16.25 (compared to the current share price of $15.58). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Winnipeg Free Press
6 days ago
- Sport
- Winnipeg Free Press
Kentucky Oaks moves to primetime TV for the first time in 2026
LOUISVILLE, Ky. (AP) — The Kentucky Oaks is shifting to primetime for the 152nd edition of the race for 3-year-old fillies. It will be run at 8 p.m. ET on NBC and streaming on Peacock on May 1, 2026, Churchill Downs and NBC Sports announced Thursday. The $1.5 million race that is traditionally held the day before the Kentucky Derby has had a post time shortly before 6 p.m. ET for years. Next year will be the first time it's been run as late as 8 p.m., which puts it in twilight in the Eastern Time Zone. 'By moving the Kentucky Oaks to primetime, we're giving one of horse racing's most treasured traditions the national stage it deserves,' said Bill Carstanjen, CEO of Churchill Downs. 'This decision is rooted in our commitment to growing the sport, reaching new audiences and creating unforgettable experiences for our fans.' The 152nd Kentucky Derby will air May 2 on NBC and streaming on Peacock. The race typically goes off shortly after 7 p.m. ET. This year's Derby, won by Sovereignty, was the most watched edition since 1989. The audience averaged an NBC record of 17.7 million, peaking at 21.8 million from 7-7:15 p.m. ET during the race. Last year, NBC Sports and Churchill Downs extended their deal to air the Derby through 2032, making the network the longest running home of the race. It first aired on NBC in 2001. ___ AP horse racing:
Yahoo
6 days ago
- Sport
- Yahoo
Kentucky Oaks moves to primetime TV for the first time in 2026
LOUISVILLE, Ky. (AP) — The Kentucky Oaks is shifting to primetime for the 152nd edition of the race for 3-year-old fillies. It will be run at 8 p.m. ET on NBC and streaming on Peacock on May 1, 2026, Churchill Downs and NBC Sports announced Thursday. The $1.5 million race that is traditionally held the day before the Kentucky Derby has had a post time shortly before 6 p.m. ET for years. Next year will be the first time it's been run as late as 8 p.m., which puts it in twilight in the Eastern Time Zone. 'By moving the Kentucky Oaks to primetime, we're giving one of horse racing's most treasured traditions the national stage it deserves,' said Bill Carstanjen, CEO of Churchill Downs. 'This decision is rooted in our commitment to growing the sport, reaching new audiences and creating unforgettable experiences for our fans.' The 152nd Kentucky Derby will air May 2 on NBC and streaming on Peacock. The race typically goes off shortly after 7 p.m. ET. This year's Derby, won by Sovereignty, was the most watched edition since 1989. The audience averaged an NBC record of 17.7 million, peaking at 21.8 million from 7-7:15 p.m. ET during the race. Last year, NBC Sports and Churchill Downs extended their deal to air the Derby through 2032, making the network the longest running home of the race. It first aired on NBC in 2001. ___ AP horse racing:
Associated Press
6 days ago
- Sport
- Associated Press
Kentucky Oaks moves to primetime TV for the first time in 2026
LOUISVILLE, Ky. (AP) — The Kentucky Oaks is shifting to primetime for the 152nd edition of the race for 3-year-old fillies. It will be run at 8 p.m. ET on NBC and streaming on Peacock on May 1, 2026, Churchill Downs and NBC Sports announced Thursday. The $1.5 million race that is traditionally held the day before the Kentucky Derby has had a post time shortly before 6 p.m. ET for years. Next year will be the first time it's been run as late as 8 p.m., which puts it in twilight in the Eastern Time Zone. 'By moving the Kentucky Oaks to primetime, we're giving one of horse racing's most treasured traditions the national stage it deserves,' said Bill Carstanjen, CEO of Churchill Downs. 'This decision is rooted in our commitment to growing the sport, reaching new audiences and creating unforgettable experiences for our fans.' The 152nd Kentucky Derby will air May 2 on NBC and streaming on Peacock. The race typically goes off shortly after 7 p.m. ET. This year's Derby, won by Sovereignty, was the most watched edition since 1989. The audience averaged an NBC record of 17.7 million, peaking at 21.8 million from 7-7:15 p.m. ET during the race. Last year, NBC Sports and Churchill Downs extended their deal to air the Derby through 2032, making the network the longest running home of the race. It first aired on NBC in 2001. ___ AP horse racing:
