Why Penn Entertainment Stock Got Trounced on Thursday [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
After the company posted quarterly results that didn't meet analyst expectations, investors traded out of it to the point where its share price fell by almost 9%. And this was on the day when the benchmark S&P 500 index rose, advancing by nearly 1%. Double miss in the first quarter Before market open, Penn published its first-quarter figures. The on- and offline gaming company's revenue slumped slightly on a year-over-year basis, sliding by 4% to just under $1.61 billion. On the bottom line it flipped to a loss of almost $115 million, against first-quarter 2023's profit of $514 million. Penn's non- GAAP (adjusted), per-share result also turned negative, at $0.79 versus the year-ago surplus of $0.39. Analysts tracking the stock were expecting better. Collectively, they were modeling revenue of $1.64 billion and an adjusted net loss of only $0.57. With its casino operations early in the quarter, Penn was affected by bad weather that kept customers away from its facilities. Meanw
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PENN
News
- Las Vegas' legendary Mirage casino is closing to make room for a 700-foot tall Hard Rock hotel that's shaped like a guitar [Fortune]Fortune
- PENN Entertainment, Inc. (NASDAQ: PENN) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $26.00 price target on the stock.MarketBeat
- PENN Entertainment, Inc. (NASDAQ: PENN) was downgraded by analysts at Bank of America Co. from a "buy" rating to a "neutral" rating. They now have a $17.50 price target on the stock, down previously from $28.00.MarketBeat
- 10 Worst-Performing Stocks Insiders are Buying in 2024 [Yahoo! Finance]Yahoo! Finance
- Bear of the Day: PENN Entertainment (PENN) [Yahoo! Finance]Yahoo! Finance
PENN
Earnings
- 5/2/24 - Miss
PENN
Sec Filings
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- PENN's page on the SEC website