PENN Entertainment Inc reports results for the quarter ended March 31 - Earnings Summary

• PENN Entertainment Inc PENN.OQ reported quarterly adjusted earnings of 68 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -76 cents. The mean expectation of fourteen analysts for the quarter was for a loss of 18 cents per share. Wall Street expected results to range from -44 cents to -7 cents per share.

• Revenue rose 4.1% to $1.67 billion from a year ago; analysts expected $1.70 billion.

• PENN Entertainment Inc's reported EPS for the quarter was 68 cents​.

• The company reported quarterly net income of $111.8 million.

• PENN Entertainment Inc shares had fallen by 3.7% this quarter and lost 20.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 561.5% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 12 "hold" and no "sell" or "strong sell." The average consensus recommendation for the casinos & gaming peer group is also "hold"

• Wall Street's median 12-month price target for PENN Entertainment Inc is $23.00

This summary was machine generated from LSEG data May 8 at 01:28 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)