Biggest stock movers today: PENN, PTON, QCOM, DASH, and more
Seeking Alpha News (Thu, 2-May 10:00 AM ET)
TipRanks (Thu, 2-May 9:20 AM ET)
TipRanks (Thu, 2-May 8:51 AM ET)
PENN Entertainment Reports Current Event to SEC
TipRanks (Thu, 2-May 7:52 AM ET)
Penn Entertainment misses Q1 estimates after ESPN Bet integration drags on results
Seeking Alpha News (Thu, 2-May 7:25 AM ET)
PENN Entertainment Non-GAAP EPS of -$0.79 misses by $0.27, revenue of $1.61B misses by $20M
Seeking Alpha News (Thu, 2-May 7:01 AM ET)
PENN Entertainment Reports First Quarter Results
Business Wire (Thu, 2-May 7:00 AM ET)
Wall Street Analysts Are Bullish on Top Consumer Cyclical Picks
TipRanks (Thu, 2-May 3:25 AM ET)
PENN Entertainment Q1 2024 Earnings Preview
Seeking Alpha News (Wed, 1-May 12:24 PM ET)
Caesars Entertainment cites unfavorable sports outcomes as a Q1 profit drag
Seeking Alpha News (Tue, 30-Apr 4:11 PM ET)
Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 43 properties across 20 states and 12 brands (such as Hollywood Casino and Ameristar), with land-based casinos representing 89% of total sales in 2023 (11% was from the interactive segment, which includes sports, iGaming, and media revenue). The retail portfolio generates mid-30% EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn's media assets, theScore and ESPN (starting with its partnership launch Nov. 14, 2023), provide access to sports betting/iGaming technology and clientele, helping it form a leading digital position.
Penn Entertainment trades on the NASDAQ stock market under the symbol PENN.
As of May 2, 2024, PENN stock price declined to $15.15 with 17,104,242 million shares trading.
PENN has a beta of 1.86, meaning it tends to be more sensitive to market movements. PENN has a correlation of 0.22 to the broad based SPY ETF.
PENN has a market cap of $2.31 billion. This is considered a Mid Cap stock.
Last quarter Penn Entertainment reported $1 billion in Revenue and -$1.75 earnings per share. This fell short of revenue expectation by $-149 million and missed earnings estimates by -$1.25.
In the last 3 years, PENN stock traded as high as $93.02 and as low as $13.50.
The top ETF exchange traded funds that PENN belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.
PENN has underperformed the market in the last year with a price return of -50.4% while the SPY ETF gained +23.0%. PENN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -29.2% and -6.8%, respectively, while the SPY returned +3.4% and +0.7%, respectively.
PENN support price is $15.95 and resistance is $16.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PENN stock will trade within this expected range on the day.