Penn Entertainment Inc Reports Results For The Quarter Ended In September 30: Earnings Summary

PENN Entertainment

07/11/2024 14:16

* PENN Entertainment Inc  PENN.OQ  reported a quarterly
adjusted
loss of 24 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of $1.21.  The mean expectation of sixteen analysts for the
quarter was for a loss of 24 cents per share. Wall Street
expected results to range from -33 cents to -11 cents per share.
    * Revenue rose 1.2% to $1.64 billion from a year ago;
analysts
expected $1.66 billion. 
    * PENN Entertainment Inc's reported EPS for the quarter was
a loss
of 24 cents​.
    * The company reported a quarterly loss of $36.7 million.
    * PENN Entertainment Inc shares had risen by 2.0% this
quarter and
lost 26.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6% in
the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

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 21.00 
This summary was machine generated from LSEG data November 7 at
02:16 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
 Sep. 30 2024      -0.24          -0.24          Met
 Jun. 30 2024      -0.25          -0.18          Beat
 Mar. 31 2024      -0.59          -0.76          Missed
 Dec. 31 2023      -0.52          -2.37          Missed