For the quarter ended December 2022, PENN Entertainment (PENN - Free Report) reported revenue of $1.59 billion, up 0.8% over the same period last year. EPS came in at $0.13, compared to $0.26 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.59 billion, representing a surprise of -0.13%. The company delivered an EPS surprise of -60.61%, with the consensus EPS estimate being $0.33.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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:
- Net Revenue - West segment: $130.70 million compared to the $131.90 million average estimate based on five analysts.
- Net Revenues- Interactive segment: $208 million compared to the $174.27 million average estimate based on five analysts.
- Net Revenue - South segment: $304.40 million versus $332.08 million estimated by five analysts on average.
- Net Revenue - Northeast segment: $667.10 million versus the five-analyst average estimate of $668.28 million.
- Net Revenue- Midwest segment: $282 million versus the five-analyst average estimate of $288.58 million.
- Net Revenues- Intersegment eliminations: -$10.50 million versus -$7.17 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -9.5% change.
View all Key Company Metrics for PENN Entertainment here>>>
Shares of PENN Entertainment have returned +15.1% over the past month versus the Zacks S&P 500 composite's +7.4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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For the quarter ended December 2022, PENN Entertainment (PENN - Free Report) reported revenue of $1.59 billion, up 0.8% over the same period last year. EPS came in at $0.13, compared to $0.26 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.59 billion, representing a surprise of -0.13%. The company delivered an EPS surprise of -60.61%, with the consensus EPS estimate being $0.33.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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>>>
Shares of PENN Entertainment have returned +15.1% over the past month versus the Zacks S&P 500 composite's +7.4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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