PENN Entertainment Inc reports results for the quarter ended June 30 - Earnings Summary

• PENN Entertainment Inc PENN.OQ reported a quarterly adjusted loss of 12 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -18 cents. The mean expectation of sixteen analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -10 cents to 10 cents per share.

• Revenue rose 6.1% to $1.77 billion from a year ago; analysts expected $1.73 billion.

• PENN Entertainment Inc's reported EPS for the quarter was a loss of 12 cents​.

• The company reported a quarterly loss of $17.4 million.

• PENN Entertainment Inc shares had fallen by 4.8% this quarter and lost 14.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 83.9% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell." The average consensus recommendation for the casinos & gaming peer group is also "buy"

• Wall Street's median 12-month price target for PENN Entertainment Inc is $22.00, about 23.1% above its last closing price of $16.92

This summary was machine generated from LSEG data August 8 at 02:15 a.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)