Churchill Downs (CHDN) Expected to Announce Quarterly Earnings on Wednesday

Churchill Downs (NASDAQ:CHDN) is anticipated to post its Q2 2026 results after the market closes on Wednesday, July 29th. Analysts expect Churchill Downs to post earnings of $3.47 per share and revenue of $978.0420 million for the quarter. Investors may review the information on the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, July 30, 2026 at 9:00 AM ET.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.15. Churchill Downs had a net margin of 13.21% and a return on equity of 43.50%. The company had revenue of $663.00 million during the quarter, compared to analysts’ expectations of $659.32 million. During the same quarter in the prior year, the company earned $1.07 earnings per share. The business’s quarterly revenue was up 3.1% 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 Stock Down 0.5%

Shares of CHDN stock opened at $83.33 on Wednesday. The firm has a fifty day moving average of $86.88 and a 200-day moving average of $91.73. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.44. Churchill Downs has a 12-month low of $80.24 and a 12-month high of $118.46. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 0.57 and a beta of 0.67.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CHDN. Weiss Ratings lowered shares of Churchill Downs from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Mizuho increased their target price on Churchill Downs from $146.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Citizens Jmp lifted their price target on Churchill Downs from $146.00 to $149.00 and gave the company a “market outperform” rating in a research note on Friday, April 24th. Truist Financial set a $145.00 price target on Churchill Downs in a report on Friday, June 12th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Churchill Downs in a research report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Churchill Downs presently has a consensus rating of “Moderate Buy” and an average target price of $138.50.

Institutional Trading of Churchill Downs

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. grew its position in shares of Churchill Downs by 8.0% in the 4th quarter. Invesco Ltd. now owns 169,001 shares of the company’s stock valued at $19,229,000 after acquiring an additional 12,539 shares during the period. Corient Private Wealth LLC lifted its stake in Churchill Downs by 786.6% in the 4th quarter. Corient Private Wealth LLC now owns 56,922 shares of the company’s stock valued at $6,477,000 after purchasing an additional 50,502 shares during the last quarter. Alberta Investment Management Corp bought a new position in Churchill Downs during the fourth quarter worth about $1,525,000. Garton & Associates Financial Advisors LLC bought a new position in Churchill Downs during the fourth quarter worth about $263,000. Finally, VARCOV Co. acquired a new position in Churchill Downs during the fourth quarter worth approximately $277,000. 82.59% of the stock is owned by institutional investors.

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.