Last quarter, the company reported revenue of 3 million, above the 8 million to 2 million guidance range.
EPS came in at 50 cents, well ahead of consensus calling for 46 cents.
If you can apply this horse racing gem to the market, you’ll see that this is much more than some giant casino for rich people.
The current year numbers have jumped from $1.65 to $1.85.
These numbers are big reason for the Zacks Rank # 1 (Strong Buy).
There sure are parallels to the casino and gambling though.
One famous saying I like to use is that “You bet the jockey, not the horse.” I haven’t made much money betting on ponies but I’ve done alright in the stock market.
Three analysts have jacked up their estimates for the current quarter, next quarter and current year.