Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
PENN Entertainment, Inc. (PENN) - free report >>
DouYu International Holdings Limited Sponsored ADR (DOYU) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PENN Entertainment, Inc. (PENN) - free report >>
DouYu International Holdings Limited Sponsored ADR (DOYU) - free report >>
Image: Bigstock
PENN Entertainment (PENN) Surges 5.4%: Is This an Indication of Further Gains?
PENN Entertainment (PENN - Free Report) shares ended the last trading session 5.4% higher at $27.10. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.5% gain over the past four weeks.
Solid contributions from its Barstool-branded retail sportsbooks, omni-channel strength and technological investments have been boosting investors’ confidence.
This casino operator is expected to post quarterly earnings of $0.39 per share in its upcoming report, which represents a year-over-year change of +160%. Revenues are expected to be $1.66 billion, up 1.8% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For PENN Entertainment, the consensus EPS estimate for the quarter has been revised 1.3% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on PENN going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
PENN Entertainment belongs to the Zacks Gaming industry. Another stock from the same industry, DouYu International Holdings Limited Sponsored ADR (DOYU - Free Report) , closed the last trading session 3.7% lower at $1.04. Over the past month, DOYU has returned -2.7%.
For DouYu International Holdings Limited Sponsored ADR, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.02. This represents a change of -300% from what the company reported a year ago. DouYu International Holdings Limited Sponsored ADR currently has a Zacks Rank of #1 (Strong Buy).