Penn Entertainment Inc Reports Results For The Quarter Ended In January: Earnings Summary

PENN Entertainment

02/05/2024 13:22

* PENN Entertainment Inc  PENN.OQ  reported a quarterly
adjusted
loss of 76 cents​​ per share for the quarter ended in January,
lower than the same quarter last year, when the company reported
EPS of $3.05.  The mean expectation of fifteen analysts for the
quarter was for a loss of 59 cents per share. Wall Street
expected results to range from -76 cents to -40 cents per share.
    * Revenue fell 4% to $1.61 billion from a year ago; analysts
expected $1.63 billion. 
    * PENN Entertainment Inc's reported EPS for the quarter was
a loss
of 76 cents​.
    * The company reported a quarterly loss of $114.9 million.
    * PENN Entertainment Inc shares had fallen by 9.7% this
quarter and lost 36.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 565.2% in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the casinos &
gaming
peer group is also "buy"

Wall Street's median 12-month price target for PENN
Entertainment Inc is $26.00 
This summary was machine generated from LSEG data May 2 at 12:22
p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.59          -0.76          Missed
 Dec. 31 2023      -0.52          -2.37          Missed
 Sep. 30 2023      0.37           1.21           Beat
 Jun. 30 2023      0.42           0.48           Beat