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Casino, sports betting and entertainment operator PENN Entertainment (NASDAQ:PENN) will be reporting earnings this Thursday morning. Here\u2019s what to look for.<\/p>\n
PENN Entertainment beat analysts\u2019 revenue expectations by 1.9% last quarter, reporting revenues of $1.77 billion, up 6.1% year on year. It was a mixed quarter for the company, with a beat of analysts\u2019 EPS estimates but a significant miss of analysts\u2019 EBITDA estimates.<\/p>\n
Is PENN Entertainment a buy or sell going into earnings? Read our full analysis here, it\u2019s free for active Edge members<\/a>.<\/p>\n This quarter, analysts are expecting PENN Entertainment\u2019s revenue to grow 5.4% year on year to $1.73 billion, improving from the 1.2% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.03 per share.<\/p>\n Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. PENN Entertainment has only missed Wall Street\u2019s revenue estimates once since going public and has exceeded top-line expectations by 0.1% on average.<\/p>\n Looking at PENN Entertainment\u2019s peers in the casino operator segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Boyd Gaming delivered year-on-year revenue growth of 4.5%, beating analysts\u2019 expectations by 15.7%, and Red Rock Resorts reported revenues up 1.6%, falling short of estimates by 0.8%. Boyd Gaming traded down 7.3% following the results while Red Rock Resorts was also down 11.8%.<\/p>\n Read our full analysis of Boyd Gaming\u2019s results here<\/a> and Red Rock Resorts\u2019s results here<\/a>.<\/p>\n The euphoria surrounding Trump\u2019s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the casino operator stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7% on average over the last month. PENN Entertainment is down 12.5% during the same time and is heading into earnings with an average analyst price target of $22.14 (compared to the current share price of $16.17).<\/p>\n When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense\u2013as long as the price is right. Luckily, we\u2019ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback<\/a>.<\/p>\n