Churchill Downs (CHDN) to Announce Quarterly Earnings on Wednesday

Churchill Downs (NASDAQ:CHDN) is expected to announce 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 can check the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Thursday, July 30, 2026 at 9:00 AM ET.

Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.15. Churchill Downs had a return on equity of 43.50% and a net margin of 13.21%.The business had revenue of $663.00 million for the quarter, compared to analyst estimates of $659.32 million. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The firm’s revenue for the quarter 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 Trading Down 0.5%

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

Institutional Trading of Churchill Downs

Large investors have recently made changes to their positions in the company. State Street Corp lifted its holdings in Churchill Downs by 0.6% during the fourth quarter. State Street Corp now owns 1,956,295 shares of the company’s stock worth $223,424,000 after acquiring an additional 11,523 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Churchill Downs by 49.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,376,402 shares of the company’s stock worth $133,525,000 after acquiring an additional 452,716 shares in the last quarter. Boston Partners increased its holdings in shares of Churchill Downs by 0.9% in the third quarter. Boston Partners now owns 1,257,725 shares of the company’s stock worth $121,998,000 after acquiring an additional 11,653 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Churchill Downs by 5.4% in the second quarter. Ameriprise Financial Inc. now owns 793,258 shares of the company’s stock worth $80,119,000 after acquiring an additional 40,645 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Churchill Downs by 22,974.8% during the second quarter. AQR Capital Management LLC now owns 788,006 shares of the company’s stock worth $79,352,000 after purchasing an additional 784,591 shares during the period. Institutional investors own 82.59% of the company’s stock.

Analysts Set New Price Targets

CHDN has been the topic of a number of research reports. Jefferies Financial Group restated a “buy” rating on shares of Churchill Downs in a research report on Thursday, July 2nd. Mizuho lifted their price target on shares of Churchill Downs from $146.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Citizens Jmp boosted their price target on shares of Churchill Downs from $146.00 to $149.00 and gave the stock a “market outperform” rating in a research note on Friday, April 24th. Citigroup reissued an “outperform” rating on shares of Churchill Downs in a research note on Friday, April 24th. Finally, Wells Fargo & Company reduced their price objective on shares of Churchill Downs from $132.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.50.

Churchill Downs Company Profile

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.