PENN Stock Recent News

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.

PENN Entertainment's (PENN) fourth-quarter results are hurt by ESPN BET investments.

Revenue is down and Penn Entertainment swung to a loss in the fourth quarter. The botched Barstool deal and huge ESPN contract make this a tough turnaround story.

PENN Entertainment, Inc. (PENN) Q4 2023 Earnings Call Transcript