Q4 Earnings Outperformers: PENN Entertainment (NASDAQ:PENN) And The Rest Of The Casino Operator Stocks [Yahoo! Finance]
PENN Entertainment, Inc. (PENN)
Last penn entertainment, inc. earnings: 2/6 07:00 am
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US:NASDAQ Investor Relations:
pennnationalgaming.gcs-web.com/investor-overview
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Source: Yahoo! Finance
Casino operators enjoy limited competition because gambling is a highly regulated industry. These companies can also enjoy healthy margins and profits. Have you ever heard the phrase ‘the house always wins'? Regulation cuts both ways, however, and casinos may face stroke-of-the-pen risk that suddenly limits what they can or can't do and where they can do it. Furthermore, digitization is changing the game, pun intended. Whether it's online poker or sports betting on your smartphone, innovation is forcing these players to adapt to changing consumer preferences, such as being able to wager anywhere on demand. The 9 casino operator stocks we track reported a slower Q4; on average, revenues beat analyst consensus estimates by 1.5%. Stocks--especially those trading at higher multiples--had a strong end of 2023, but 2024 has seen periods of volatility. Mixed signals about inflation have led to uncertainty around rate cuts, and while some of the casino operator stocks have fared somewhat b
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PENN
News
- PENN Entertainment, Inc. (NASDAQ: PENN) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $32.00 to $28.00. They now have a "buy" rating on the stock.MarketBeat
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PENN
Earnings
- 2/15/24 - Miss
PENN
Sec Filings
- 4/23/24 - Form ARS
- 4/23/24 - Form DEF
- 4/23/24 - Form DEFA14A
- PENN's page on the SEC website