PENN Entertainment Q1 2024 Adj EPS $(0.79) Misses $(0.59) Estimate, Sales $1.607B Miss $1.627B Estimate
Portfolio Pulse from Benzinga Newsdesk
PENN Entertainment reported Q1 2024 adjusted EPS of $(0.79), missing the $(0.59) estimate, with sales of $1.607B also missing the $1.627B estimate. This represents a 3.95% decrease in sales compared to the same period last year.
May 02, 2024 | 11:01 am
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NEGATIVE IMPACT
PENN Entertainment's Q1 2024 earnings and sales missed estimates, with a notable decrease in sales compared to last year.
Missing both earnings and sales estimates, especially with a significant year-over-year decrease in sales, typically leads to negative investor sentiment and could result in a short-term decline in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100