Will PENN Entertainment (PENN) Report Negative Earnings Next Week? What You Should Know

Core Viewpoint - The market anticipates that PENN Entertainment will report a year-over-year increase in earnings driven by higher revenues in its upcoming earnings report for the quarter ended December 2024 [1] Earnings Expectations - PENN Entertainment is expected to post a quarterly loss of $0.41 per share, reflecting a year-over-year change of +76.6$1.69 billion, representing a 20.8% increase from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised 50% higher in the last 30 days, indicating a reassessment by analysts [4] - The Most Accurate Estimate for PENN is lower than the Zacks Consensus Estimate, leading to an Earnings ESP of -7.49% [10][11] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a strong predictive power for positive readings [7][8] - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have historically produced a positive surprise nearly 70% of the time [8] Historical Performance - In the last reported quarter, PENN was expected to post a loss of $0.28 per share but actually reported a loss of$0.24, resulting in a surprise of +14.29% [12] - Over the past four quarters, PENN has beaten consensus EPS estimates two times [13] Conclusion - PENN Entertainment does not currently appear to be a strong candidate for an earnings beat, and investors should consider other factors when evaluating the stock ahead of its earnings release [16]