PENN Entertainment Q2 Earnings Preview: Earnings Estimates, Analyst Targets, And Key Metrics To Watch
Portfolio Pulse from Chris Katje
PENN Entertainment is set to report its Q2 financial results. The company is expected to report a revenue of $1.67 billion, matching its Q1 revenue. Analysts estimate earnings per share of 42 cents. The company's Interactive sports betting unit reported a YoY increase in revenue in Q1. PENN completed the acquisition of Barstool Sports in February and raised its full-year guidance to a range of $6.37 billion to $6.81 billion. The company's shares have lagged behind peers, down 33% in the last year and 17% YTD.
August 08, 2023 | 6:08 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
PENN Entertainment is expected to report Q2 earnings with an estimated revenue of $1.67 billion and EPS of 42 cents. The company's shares have been underperforming, down 33% YoY and 17% YTD.
The company's expected earnings and the recent underperformance of its shares could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Roundhill Sports Betting & iGaming ETF (BETZ) shares are up 8% in the last year and up 24% YTD.
The strong performance of BETZ shares could continue to positively impact its price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
DraftKings shares are up 74% in the last year and up 191% YTD.
The strong performance of DraftKings shares could continue to positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
MGM shares are up 32% in the last year and up 37% YTD.
The strong performance of MGM shares could continue to positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50