PENN Stock Recent News

NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that the panel appointed to determine the ground rent payable by Vornado's subsidiary for the PENN 1 land parcel for the 25-year period beginning June 17, 2023 has determined that the annual rent payable during the current 25-year term will be $15 million.

PENN's minimal growth profile and yet to bear fruit ESPN Bet have naturally triggered the great pessimism observed in its stock prices and valuations. This is significantly worsened by the mixed near-term prospects, Interactive segment's ongoing cash burn, and the deteriorating balance sheet. On the other hand, while PENN has yet to offer any forward guidance, the consensus forward estimates appear to be rather promising, marking a potential reversal ahead.

PENN's fourth-quarter performance gains from disciplined promotional strategies and accelerated growth in the online casino business.

Start Time: 09:00 January 1, 0000 10:00 AM ET PENN Entertainment, Inc. (NASDAQ:PENN ) Q4 2024 Earnings Conference Call February 27, 2025, 09:00 AM ET Company Participants Jay Snowden - CEO and President Felicia Hendrix - EVP and CFO Todd George - EVP, Operations Aaron LaBerge - CTO and Head of Interactive Joe Jaffoni - IR Conference Call Participants Carlo Santarelli - Deutsche Bank Barry Jonas - Truist Securities Shaun Kelley - Bank of America Brandt Montour - Barclays Joe Stauff - Susquehanna Chad Beynon - Macquaire Jordan Bender - Citizens Dan Politzer - Wells Fargo Jeff Stantial - Stifel Ryan Sigdahl - Craig-Hallum Operator Greetings and welcome to the PENN Entertainment Fourth Quarter 2024 Earnings Call. I would now like to turn the conference over to Joe Jaffoni, Investor Relations.

While the top- and bottom-line numbers for PENN Entertainment (PENN) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

PENN Entertainment (PENN) came out with a quarterly loss of $0.44 per share versus the Zacks Consensus Estimate of a loss of $0.41. This compares to loss of $1.75 per share a year ago.

Evaluate the expected performance of PENN Entertainment (PENN) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

PENN Entertainment (PENN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of William Penn Bancorporation (NasdaqCM: WMPN) to Mid Penn Bancorp, Inc. (NasdaqGM: MPB). Under the terms of the proposed transaction, shareholders of William Penn will receive 0.4260 shares of Mid Penn for each share of William Penn that they own. KSF is seeking to determine whether this consideration and the p.

PENN Entertainment's stock has plummeted nearly 85% since its peak in 2021, due to two failed attempts to capitalize on the online gambling legalization trend. Yet while these failures continue to be a drag on PENN's profitability and stock price, an activist investor's plans to launch a proxy fight may change the story. Whether from management deciding to pursue strategic alternatives in light of the proxy fight, or from this outsider gaining board representation, material value could be unlocked.