Penn Entertainment Analysts Say 'All Eyes Remain On ESPN Bet' After Q3 Earnings Miss
PENN Entertainment PENN analysts highlight the ESPN Bet and Interactive segment as items to watch after the company missed third-quarter estimates for revenue and earnings per share.
PENN Entertainment's Shares Up on Narrower-Than-Expected Q3 Loss
PENN's third-quarter 2024 results benefit from strong performance in its Interactive segment, driven by improved hold, a higher parlay mix and lower promotional expenses.
PENN Entertainment, Inc. (PENN) Q3 2024 Earnings Call Transcript
PENN Entertainment, Inc. (NASDAQ:PENN ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Joe Jaffoni - Investor Relations Jay Snowden - Chief Executive Officer & President Felicia Hendrix - Executive Vice President & Chief Financial Officer Todd George - Executive Vice President, Operations Aaron LaBerge - Chief Technology Officer Conference Call Participants Barry Jonas - Truist Securities Carlo Santarelli - Deutsche Bank Brandt Montour - Barclays Joe Greff - JPMorgan Joe Stauff - Susquehanna Shaun Kelley - Bank of America Dan Politzer - Wells Fargo Chad Beynon - Macquarie Bernie McTernan - Needham Jordan Bender - Citizens JMP Ryan Sigdahl - Craig-Hallum Stephen Grambling - Morgan Stanley David Katz - Jefferies Operator Greetings, and welcome to the PENN Entertainment Third Quarter 2024 Earnings Call. I would like to turn the conference over to Mr.
PENN Entertainment (PENN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for PENN Entertainment (PENN) give insight into how the company performed in the quarter ended September 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) Reports Q3 Loss, Lags Revenue Estimates
PENN Entertainment (PENN) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to earnings of $1.21 per share a year ago.
Exploring Analyst Estimates for PENN Entertainment (PENN) Q3 Earnings, Beyond Revenue and EPS
Evaluate the expected performance of PENN Entertainment (PENN) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Earnings Preview: PENN Entertainment (PENN) Q3 Earnings Expected to Decline
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.
PENN Entertainment's Product Enhancements And ESPN Integration Could Spark 2025 Growth, Says Analyst
Needham analyst Bernie McTernan expressed his view on PENN Entertainment, Inc. PENN investor event in Las Vegas on Monday.
PENN Entertainment Is A Speculative Buy (Technical Analysis)
PENN Entertainment is a speculative buy due to recent improvements in price action, short-term bullish momentum, and institutional accumulation. PENN's price action has shifted from a long-term downtrend to a horizontal range, recapturing its 30-week EMA, indicating potential bullish behavior. Short-term momentum is bullish, while long-term momentum is bearish but could turn positive soon; volume patterns show institutional buying.
PENN Entertainment Eyes ESPN BET to Score Big in 2024 NFL Season
PENN Entertainment Inc. NASDAQ: PENN is an integrated entertainment experience provider encompassing land-based casinos, iGaming, digital sports betting, racetracks and hotels. The company operates 43 casinos and racetracks in 20 states, along with sports betting through its ESPN BET mobile app in 18 states.
PENN Entertainment's ESPN Bet Undervalued Compared With Peers
PENN Entertainment's sports betting venture ESPN Bet shows strong growth potential with expansion into New York and increased sporting events, despite being undervalued compared to peers. ESPN Bet's smaller addressable population, lower initial hold, and early market entry contribute to its current undervaluation, but these issues are being addressed. PENN Entertainment's regional casino business, despite high debt, remains robust, providing a solid foundation for ESPN Bet's growth and overall company valuation.
PENN Entertainment Stock Falls 29% YTD: Buy the Dip or Wait?
PENN is likely to benefit from its strong gaming performance, sports betting operations, and strategic retail investments amid margin woes.
