PENN Entertainment's Earnings Outlook
Portfolio Pulse from Benzinga Insights
PENN Entertainment (NASDAQ:PENN) is anticipated to report a quarterly EPS of $-0.50 on February 15, 2024. Analysts and investors are keen on whether the company will surpass this estimate and provide positive future guidance. Historical data shows mixed stock price reactions to past earnings reports, with a notable 1.7% increase following last quarter's earnings beat. Currently, PENN's shares are trading at $22.72, marking a 29.69% decline over the past year, indicating a bearish sentiment among long-term shareholders.
February 14, 2024 | 4:01 pm
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PENN Entertainment is expected to report a quarterly EPS of $-0.50 on February 15, 2024. The focus is on whether it will exceed this estimate and offer positive future guidance. The stock has seen a 29.69% decline over the past year, with mixed reactions to past earnings.
The anticipation of PENN Entertainment's earnings report and its potential to beat the EPS estimate could influence short-term stock movement. However, given the mixed historical price reactions and the current bearish sentiment reflected by the 29.69% annual decline, the short-term impact is assessed as neutral. The company's ability to provide positive future guidance will be crucial for investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100