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Penn National Gaming (PENN)
NASDAQ:PENN
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.31Last Year’s EPS
-2.37Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 2.81%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments and challenges. While there was significant growth in digital engagement and market share in certain regions, the company faced issues with unfavorable hold percentages and new competition. Interactive segment losses and challenges due to severe weather also posed concerns.Company Guidance
In the recent Penn Entertainment third-quarter earnings call, various metrics were highlighted by CEO Jay Snowden and CFO Felicia Hendrix. The company reported strong year-over-year market share growth in Ohio, Massachusetts, and Kansas, which balanced out unfavorable hold in the Northeast and volume declines in the South due to severe weather disruptions. They are currently undergoing hotel remodels at L'Auberge Casino in Lake Charles, anticipated to complete by January 2025. The company saw a 3.6% year-over-year slot volume growth in Q4, driven by properties in Michigan, Ohio, and St. Louis. ESPN BET showed a 27% year-over-year growth in monthly active users, and digital database members approached 4 million. The Interactive segment saw a significant year-over-year OSB NGR growth of over 200% in Q3. Looking ahead, Penn Entertainment expects Q4 retail revenues to range between $1.36 billion and $1.38 billion, with adjusted EBITDA between $140 million and $460 million, while anticipating a positive free cash flow in 2025 supported by growth projects and their interactive segment.Market Share Growth
Strong year-over-year market share growth in Ohio, Massachusetts, and Kansas, offsetting challenges in other segments.
Slot Volume Growth
3.6% year-over-year slot volume growth in Q4, led by properties in Michigan, Ohio, and St. Louis.
ESPN BET User Growth
27% year-over-year growth in monthly active users for ESPN BET in Q3 2024 compared to Q3 2023.
Interactive Segment Revenue
Year-over-year OSB NGR growth of more than 200% in Q3, driven by a higher parlay mix and lower promotional expenses.
Diversity Recognition
Recognized for the fourth straight year by the Forum of Executive Women as a Champion of Board Diversity.
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PENN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PENN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $19.23 | $20.22 | +5.15% |
| Aug 08, 2024 | $17.26 | $18.72 | +8.46% |
| May 02, 2024 | $16.44 | $15.00 | -8.76% |
| Feb 15, 2024 | $22.50 | $19.38 | -13.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Penn National Gaming (PENN) report earnings?
Penn National Gaming (PENN) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Penn National Gaming (PENN) earnings time?
Penn National Gaming (PENN) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PENN EPS forecast?
PENN EPS forecast for the fiscal quarter 2024 (Q4) is -0.31.
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