Penn Entertainment (NASDAQ:PENN) stock is in the news Friday as reports spread that the company has received an acquisition offer from Boyd Gaming (NYSE:BYD). The first of these is Penn Entertainment even taking part in negotiations. The offer from Boyd Gaming is unsolicited and may be ignored. There are also regulator issues with both companies needing approval across several states. Finally, Penn Entertainment is currently in a partnership with ESPN. That means any deal would have to secure the approval o ...

What Happened: Penn Entertainment has been approached by Boyd Gaming BYD according to a new report from Reuters. The report comes as Penn shares are down 23% year-to-date in 2024 and the company has struggled to grow with its new ESPN Bet online sports betting platform. The latest news indicates the early stages of a potential deal, but there is no certainty that Penn will enter talks or is considering selling its business. Loading... Shares of PENN Entertainment PENN traded higher on Thursday with a report ...

PENN Entertainment Inc (NASDAQ:PENN) stock is up 1.1% at $16.26 at last check, despite a downgrade from Bank of America to "neutral" from "buy." The brokerage firm  changed its stance on the equity from growth opportunity to a "deep value turnaround."The shares are not too far removed from their May 2, four-year low of $15, and last week found a ceiling at the 20-day moving average. PENN Entertainment stock is already down 39.3% so far this year, but the $15 region looks positioned to contain any additional ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 0-24206 PENN Entertainment, Inc. (Exact name of registrant as specified in its charter) Pen ...

PENN Entertainment, Inc. (NASDAQ:PENN) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Joseph Jaffoni - Investor Relations Jay Snowden - CEO and President Felicia Hendrix - Executive Vice President and CFO Todd George - Executive Vice President of Operations Conference Call Participants Carlo Santarelli - Deutsche Bank Barry Jonas - Truist Securities Shaun Kelley - Bank of America Joseph Greff - JPMorgan Joseph Stauff - SIG Brandt Montour - Barclays Chad Beynon - Macquarie David ...

PENN Entertainment (PENN) reported $1.61 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 4%. EPS of -$0.79 for the same period compares to $0.31 a year ago.The reported revenue represents a surprise of -1.59% over the Zacks Consensus Estimate of $1.63 billion. With the consensus EPS estimate being -$0.59, the EPS surprise was -33.90%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -33.90%. A quarter ago, it was expected that this casino operator would post a loss of $0.57 per share when it actually produced a loss of $1.75, delivering a surprise of -207.02%.Over the last four quarters, the co ...

| --- | --- | |------------------------------------------|-------| | | | | | | | | | | FIRST QUARTER 2024 EARNINGS PRESENTATION | | | May 2, 2024 | | 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 ...

Exhibit 99.1 PENN Entertainment Reports First Quarter Results WYOMISSING, PA (May 2, 2024) - PENN Entertainment, Inc. ("PENN" or the "Company") (Nasdaq: PENN) today reported financial results for the three months ended March 31, 2024. Jay Snowden, Chief Executive Officer and President, said: "Our property level performance showed resilience this quarter, with stable trends continuing into April following portfolio-wide severe weather through mid- February. Meanwhile, ESPN BET continues to drive strong top o ...

Analysts on Wall Street project that PENN Entertainment (PENN) will announce quarterly loss of $0.59 per share in its forthcoming report, representing a decline of 290.3% year over year. Revenues are projected to reach $1.63 billion, declining 2.4% from the same quarter last year.Over the last 30 days, there has been a downward revision of 263.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial fore ...