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Besides Wall Street's top -and-bottom-line estimates for PENN Entertainment (PENN), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
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.
Away-from-home entertainment remains in high demand as people are tired of being cooped up in their homes.
WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) announced today that it will release its 2023 fourth quarter financial results at 7:00 a.m. ET on Thursday, February 15, 2024 followed by a conference call and simultaneous webcast at 9:00 a.m. ET. Both the call and webcast are open to the general public. The conference call number is 312-281-2974; please call five minutes in advance to ensure that you are connected prior to the presentation. Interested parties may also a.
Penn Entertainment Inc. (PENN) shares rose as much as 7% on Thursday after it was disclosed that a major investor is pursuing seats on the casino operator's board.
The shares of PENN Entertainment Inc (NASDAQ:PENN) are up 4.7% to trade at $26.19 at last check, amid C-suite buzz.
Hedge fund HG Vora Capital Management says shares of the casino operator and online-betting company are ‘significantly undervalued.'
Penn Entertainment Inc.'s stock PENN, -1.50% was up by 1.9% in premarket trading on Thursday after The Wall Street Journal reported that its 18.5% shareholder, hedge fund HG Vora Capital Management, is seeking seats on the casino operator's board of directors. Citing people familiar with the matter, the WSJ report said HG Vora is in negotiations about placing directors on the company's board, but the sources did not say how many seats are being requested.
PENN Entertainment (PENN) emphasizes development initiatives to drive growth. However, an uncertain macroeconomic environment is a concern.
The casino industry continues to show resilience backed by sustained customer engagement efforts and property investments. RRR, PENN and AGS have surged in the past three months.