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PENN Entertainment (PENN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2024, PENN Entertainment (PENN - Free Report) reported revenue of $1.66 billion, down 0.7% over the same period last year. EPS came in at -$0.18, compared to $0.48 in the year-ago quarter.
The reported revenue represents a surprise of +0.86% over the Zacks Consensus Estimate of $1.65 billion. With the consensus EPS estimate being -$0.27, the EPS surprise was +33.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how PENN Entertainment performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- West segment
: $135.30 million versus $129.67 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.1% change.
Revenues- Interactive segment
: $232.60 million versus $229.02 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -9.7% change.
Revenues- South segment
: $298.20 million compared to the $299.20 million average estimate based on four analysts. The reported number represents a change of -3.3% year over year.
Revenues- Northeast segment
: $696.30 million compared to the $693.08 million average estimate based on four analysts. The reported number represents a change of +1.2% year over year.
Revenues- Midwest segment
: $298.10 million versus the four-analyst average estimate of $291.78 million. The reported number represents a year-over-year change of +1.6%.
Shares of PENN Entertainment have returned -14% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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PENN Entertainment (PENN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2024, PENN Entertainment (PENN - Free Report) reported revenue of $1.66 billion, down 0.7% over the same period last year. EPS came in at -$0.18, compared to $0.48 in the year-ago quarter.
The reported revenue represents a surprise of +0.86% over the Zacks Consensus Estimate of $1.65 billion. With the consensus EPS estimate being -$0.27, the EPS surprise was +33.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how PENN Entertainment performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for PENN Entertainment here>>>Revenues- West segment
: $135.30 million versus $129.67 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.1% change.Revenues- Interactive segment
: $232.60 million versus $229.02 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -9.7% change.Revenues- South segment
: $298.20 million compared to the $299.20 million average estimate based on four analysts. The reported number represents a change of -3.3% year over year.Revenues- Northeast segment
: $696.30 million compared to the $693.08 million average estimate based on four analysts. The reported number represents a change of +1.2% year over year.Revenues- Midwest segment
: $298.10 million versus the four-analyst average estimate of $291.78 million. The reported number represents a year-over-year change of +1.6%.Shares of PENN Entertainment have returned -14% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.