PENN Entertainment (NASDAQ:PENN) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.66b (flat on 2Q 2023).

• Net loss: US$26.8m (down by 134% from US$80.1m profit in 2Q 2023).

• US$0.18 loss per share (down from US$0.52 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

PENN Entertainment EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%.

Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company’s shares are up 2.1% from a week ago.

Risk Analysis

We should say that we’ve discovered 1 warning sign for PENN Entertainment that you should be aware of before investing here.

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