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Countdown to PENN Entertainment (PENN) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
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The upcoming report from PENN Entertainment (PENN - Free Report) is expected to reveal quarterly loss of $0.27 per share, indicating a decline of 156.3% compared to the year-ago period. Analysts forecast revenues of $1.65 billion, representing a decrease of 1.6% year over year.
Over the last 30 days, there has been a downward revision of 0.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some PENN Entertainment metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Revenues- West segment' will reach $129.67 million. The estimate suggests a change of -0.3% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Interactive segment' of $229.02 million. The estimate points to a change of -11.1% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues- South segment' will likely reach $299.20 million. The estimate indicates a year-over-year change of -3%.
The average prediction of analysts places 'Revenues- Northeast segment' at $693.08 million. The estimate suggests a change of +0.7% year over year.
The consensus among analysts is that 'Revenues- Midwest segment' will reach $291.78 million. The estimate points to a change of -0.5% from the year-ago quarter.
According to the collective judgment of analysts, 'Adjusted EBITDAR- Midwest segment' should come in at $122.76 million. The estimate is in contrast to the year-ago figure of $127.10 million.
It is projected by analysts that the 'Adjusted EBITDAR- West segment' will reach $48.45 million. The estimate is in contrast to the year-ago figure of $49.60 million.
Based on the collective assessment of analysts, 'Adjusted EBITDAR- South segment' should arrive at $114.95 million. The estimate compares to the year-ago value of $120.90 million.
Analysts' assessment points toward 'Adjusted EBITDAR- Northeast segment' reaching $210.19 million. Compared to the present estimate, the company reported $217.30 million in the same quarter last year.
Shares of PENN Entertainment have demonstrated returns of -8.9% over the past month compared to the Zacks S&P 500 composite's -2.9% change. With a Zacks Rank #3 (Hold), PENN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Countdown to PENN Entertainment (PENN) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
The upcoming report from PENN Entertainment (PENN - Free Report) is expected to reveal quarterly loss of $0.27 per share, indicating a decline of 156.3% compared to the year-ago period. Analysts forecast revenues of $1.65 billion, representing a decrease of 1.6% year over year.
Over the last 30 days, there has been a downward revision of 0.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some PENN Entertainment metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Revenues- West segment' will reach $129.67 million. The estimate suggests a change of -0.3% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Interactive segment' of $229.02 million. The estimate points to a change of -11.1% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues- South segment' will likely reach $299.20 million. The estimate indicates a year-over-year change of -3%.
The average prediction of analysts places 'Revenues- Northeast segment' at $693.08 million. The estimate suggests a change of +0.7% year over year.
The consensus among analysts is that 'Revenues- Midwest segment' will reach $291.78 million. The estimate points to a change of -0.5% from the year-ago quarter.
According to the collective judgment of analysts, 'Adjusted EBITDAR- Midwest segment' should come in at $122.76 million. The estimate is in contrast to the year-ago figure of $127.10 million.
It is projected by analysts that the 'Adjusted EBITDAR- West segment' will reach $48.45 million. The estimate is in contrast to the year-ago figure of $49.60 million.
Based on the collective assessment of analysts, 'Adjusted EBITDAR- South segment' should arrive at $114.95 million. The estimate compares to the year-ago value of $120.90 million.
Analysts' assessment points toward 'Adjusted EBITDAR- Northeast segment' reaching $210.19 million. Compared to the present estimate, the company reported $217.30 million in the same quarter last year.
View all Key Company Metrics for PENN Entertainment here>>>
Shares of PENN Entertainment have demonstrated returns of -8.9% over the past month compared to the Zacks S&P 500 composite's -2.9% change. With a Zacks Rank #3 (Hold), PENN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>