Alert: New Earnings Report (11/2/23)-PENN Entertainment Inc (NASDAQ: PENN).


PENN Entertainment Inc (NASDAQ: PENN) has reported a loss for its third fiscal quarter (ending September 30) of $-4.80 versus $0.78 for the same period a year ago — a decline of -715%. This performance was $-5.15 short of the consensus estimate of $0.35. For the latest four quarters through September 30, E.P.S. were $-0.74 compared to $1.50 a year ago — a decline of -149%.


Recent Price Action

PENN Entertainment Inc (NASDAQ: PENN) stock closed at $22.34 on 11/2/23 after a major increase of 14.0%. The stock has risen 17.5% during the last week but has been weak relative to the market over the last nine months.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, PENN is expected to continue to be a modest Value Builder.

PENN Entertainment has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. PENN Entertainment has a very high Appreciation Score of 85 but a neutral Power Rating of 40, producing the Positive Value Trend Rating.

Rating Review

In light of this discouraging new earnings information and very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

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