PENN Stock Recent News

PENN Entertainment Inc (NASDAQ:PENN) stock is up 1.1% at $16.26 at last check, despite a downgrade from Bank of America to "neutral" from "buy.

PENN Entertainment (PENN) first-quarter 2024 results are hurt by disappointing performance of its Interactive segment primarily due to an unfavorable outcome from major sporting events.

The on- and offline gaming company posted its first-quarter results. It flipped to a loss on the bottom line and saw a decline in revenue.

The headline numbers for PENN Entertainment (PENN) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

PENN Entertainment (PENN) came out with a quarterly loss of $0.79 per share versus the Zacks Consensus Estimate of a loss of $0.59. This compares to earnings of $0.31 per share a year ago.

Beyond analysts' top -and-bottom-line estimates for PENN Entertainment (PENN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

PENN Entertainment (PENN) emphasizes strategic investments and product enhancements to drive growth. However, an uncertain macroeconomic environment is a concern.

PENN Entertainment disappointed investors with earnings missing expectations for Q4 and a surprisingly rocky start for ESPN BET. This year, PENN has found itself locking horns with HG Vora, a New York hedge fund that owns an 18.5% economic interest in the company. After Q4 earnings, this is likely to escalate.

PENN Entertainment: Sell Off Creates Income Opportunity

It unveiled its fourth-quarter results on Thursday. These did not inspire confidence in investors.