Raymond James downgraded PENN Entertainment Inc (NASDAQ:PENN) to "market perform" from "outperform" earlier today, with the analyst in question noting the security's recent gains made its valuation "appropriate." At last glance, PENN is 3.5% lower to trade at $18.66. Shares remain above the recently supportive 20-day moving average, but the stock's rally to its highest level since February ran out of steam near the $20 region. The shares are today on track for a third-straight daily loss, and carry a consid ...

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 (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 ...

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 ...

PENN Entertainment, Inc. (PENN) is likely to benefit from development efforts, ESPN alliance and 3C’s initiative. Also, the focus on product improvements bodes well. However, an uncertain macroeconomic environment is a concern.Let us discuss the factors that highlight why investors should retain the stock now.Growth CatalystsDevelopment Plans: The company emphasizes reimaging its properties with best-in-class retail sports books, new games, enhanced technology, refreshed hotel offerings and new third-party ...