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

PENN Entertainment

08/08/2024 13:01

* PENN Entertainment Inc  PENN.OQ  reported a quarterly
adjusted
loss of 18 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 48 cents.  The mean expectation of sixteen analysts for
the quarter was for a loss of 25 cents per share. Wall Street
expected results to range from -33 cents to -16 cents per share.
    * Revenue fell 0.7% to $1.66 billion from a year ago;
analysts
expected $1.65 billion. 
    * PENN Entertainment Inc's reported EPS for the quarter was
a loss
of 18 cents​.
    * The company reported a quarterly loss of $27.1 million.
    * PENN Entertainment Inc shares had fallen by 10.8% this
quarter and lost 33.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the casinos &
gaming
peer group is also "hold"

Wall Street's median 12-month price target for PENN
Entertainment Inc is $21.50 
This summary was machine generated from LSEG data August 8 at
12:00 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
 Jun. 30 2024      -0.25          -0.18          Beat
 Mar. 31 2024      -0.59          -0.76          Missed
 Dec. 31 2023      -0.52          -2.37          Missed
 Sep. 30 2023      0.37           1.21           Beat