Churchill Downs (CHDN) Expected to Announce Earnings on Wednesday

Churchill Downs (NASDAQ:CHDN) is projected to post 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. Parties can check the company’s upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Thursday, April 23, 2026 at 9:00 AM ET.

Churchill Downs (NASDAQ:CHDN) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $665.90 million during the quarter, compared to analysts’ expectations of $658.01 million. Churchill Downs had a net margin of 13.09% and a return on equity of 43.26%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 earnings per share. 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 Price Performance

Shares of CHDN stock opened at $92.21 on Monday. The company has a debt-to-equity ratio of 5.02, a current ratio of 0.60 and a quick ratio of 0.60. Churchill Downs has a one year low of $80.24 and a one year high of $118.46. The company’s fifty day moving average price is $89.38 and its 200-day moving average price is $98.86. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.53 and a beta of 0.65.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company reiterated an “overweight” rating and issued a $130.00 price target (up from $124.00) on shares of Churchill Downs in a research note on Thursday. Citigroup reaffirmed an “outperform” rating on shares of Churchill Downs in a research note on Wednesday, January 14th. Citizens Jmp increased their target price on Churchill Downs from $142.00 to $146.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 14th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Churchill Downs in a research note on Wednesday, December 24th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $135.60.

Institutional Trading of Churchill Downs

Hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its holdings in shares of Churchill Downs by 0.6% during the 4th quarter. State Street Corp now owns 1,956,295 shares of the company’s stock valued at $223,424,000 after purchasing an additional 11,523 shares during 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 purchasing an additional 452,716 shares during 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 purchasing an additional 11,653 shares during the last quarter. Ameriprise Financial Inc. lifted its position 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 buying an additional 40,645 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Churchill Downs by 22,974.8% in the second quarter. AQR Capital Management LLC now owns 788,006 shares of the company’s stock worth $79,352,000 after buying an additional 784,591 shares in the last quarter. 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.