Wall Street analysts expect PENN Entertainment (PENN) to post quarterly loss of $0.57 per share in its upcoming report, which indicates a year-over-year decline of 538.5%. Revenues are expected to be $1.54 billion, down 2.6% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 10.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces ...

Wall Street expects a year-over-year decline in earnings on lower revenues when PENN Entertainment (PENN) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Febru ...

WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (NASDAQ: PENN) announced today that the founding family behind theScore -- John Levy, Benjie Levy, Aubrey Levy and Noah Levy – will be stepping down from their roles at PENN Interactive, with John departing in mid-February and with Benjie, Aubrey and Noah departing in April 2024. In conjunction with this planned leadership transition, the Company is in the final stages of its search for a new Head of Interactive. “This t ...

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 access the li ...

Key TakeawaysHedge fund HG Vora Capital Management is seeking board seats at Penn Entertainment Inc., according to a regulatory filing.HG Vora has an 18.5% interest in the casino group.The hedge fund expressed concerns about Penn Entertainment management’s capital allocation.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.Hedge fund HG Vora Capital Management has an 18.5% stake in Penn Entertai ...

The shares of PENN Entertainment Inc (NASDAQ:PENN) are up 4.7% to trade at $26.19 at last check, amid C-suite buzz. Per the Wall Street Journal, hedge fund HG Vora Capital Management, which has an 18.5% stake in the casino operator and online-betting firm, is seeking a seat on the company's board. HG Vora calls PENN shares "significantly undervalued" and it has discussed "a range of topics focused on enhancing shareholder value." On the charts, PENN continues to distance itself from its Oct. 30, three-year ...

Shares of Penn Entertainment were rising Thursday after a top shareholder said it wants seats on the board of the casino operator and online-betting company. ...

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. If the talks fail to bear fruit, HG Vora could inst ...

| --- | --- | |-------|-------| | | | | | | | | | FORWARD-LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "expects," "believes," "estimates," "projects," "intends," "plans," "goal," "seeks," "may," "will," "should," or "anticipates" or the negative or other variations of these or similar words, or by discussions of future ...

PENN Entertainment, Inc. (NASDAQ:PENN) Q3 2023 Earnings Conference Call November 2, 2023 9:00 AM ET Company Participants Joseph Jaffoni - JCIR Jay Snowden - President, CEO & Director Felicia Hendrix - EVP & CFO Todd George - EVP, Operations Conference Call Participants Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Merrill Lynch Barry Jonas - Truist Securities Brandt Montour - Barclays Bank Stephen Grambling - Morgan Stanley Daniel Politzer - Wells Fargo Securities Daniel Guglielmo - Capit ...