Penn Entertainment Inc Expected To Post A Loss Of 25 Cents A Share: Earnings Preview

PENN Entertainment

06/08/2024 15:11

* PENN Entertainment Inc  PENN.OQ   PENN.O  is expected
to show a
fall in quarterly revenue when it reports  results on August 8
for the period ending June 30 2024
    * The Wyomissing Pennsylvania-based  company is expected to
report
a 1.2% decrease in revenue to $1.655 billion from $1.67 billion
a year ago, according to the mean estimate from 18 analysts,
based on LSEG data. (Sales/Revenue majority basis is on Net
Revenues.)
    * ​LSEG's mean analyst estimate for PENN Entertainment Inc
is for
a loss of 25 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for PENN
Entertainment Inc is $21.50​, above​ its last closing price
of $16.97. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.62       -0.59      -0.76     Missed  -29.2
 Jan. 1 2024   -0.53       -0.52      -2.37     Missed  -359.8
 Sep. 30 2023  0.35                   1.21              224.6​
 Jun. 30 2023  0.38        0.42       0.48      Beat    15.2
 ​​Mar.        0.43        0.37       3.05      Beat    720.6
 31 2023                                                
 Dec. 31 2022  0.37        0.40       0.13      Missed  -67.3​
 Sep. 30 2022  0.30        0.38       0.72      Beat    90.3
 Jan. 1 0001   0.52        0.54       0.15      Missed  -72.4
 This summary was machine generated August 6 at 14:11 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)