PENN Entertainment Q4 2023 Adj EPS $(1.75) Misses $(0.52) Estimate, Sales $1.395B Miss $1.53B Estimate
Portfolio Pulse from Benzinga Newsdesk
PENN Entertainment reported Q4 2023 adjusted EPS of $(1.75), missing the $(0.52) estimate, with sales of $1.395B also missing the $1.53B estimate. This represents a 12.04% decrease in sales compared to the same period last year.
February 15, 2024 | 12:02 pm
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PENN Entertainment's Q4 2023 earnings and sales missed estimates, with a significant decrease in sales compared to last year.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with a notable year-over-year decrease in sales, is likely to negatively impact investor sentiment and PENN's stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100