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Seeking Clues to PENN Entertainment (PENN) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
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Analysts on Wall Street project that PENN Entertainment (PENN - Free Report) will announce quarterly loss of $0.59 per share in its forthcoming report, representing a decline of 290.3% year over year. Revenues are projected to reach $1.63 billion, declining 2.4% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 263.3% 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.
The average prediction of analysts places 'Revenues- West segment' at $127.13 million. The estimate suggests a change of -2% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Interactive segment' of $257.53 million. The estimate suggests a change of +10.3% year over year.
Analysts forecast 'Revenues- South segment' to reach $305.58 million. The estimate points to a change of -2.9% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues- Northeast segment' will likely reach $682.47 million. The estimate suggests a change of -2.6% year over year.
The consensus among analysts is that 'Revenues- Midwest segment' will reach $283.70 million. The estimate indicates a year-over-year change of -3.9%.
Based on the collective assessment of analysts, 'Adjusted EBITDAR- Midwest segment' should arrive at $116.26 million. The estimate is in contrast to the year-ago figure of $125.60 million.
Analysts expect 'Adjusted EBITDAR- West segment' to come in at $48.09 million. The estimate compares to the year-ago value of $49.10 million.
According to the collective judgment of analysts, 'Adjusted EBITDAR- South segment' should come in at $116.77 million. Compared to the present estimate, the company reported $123.60 million in the same quarter last year.
It is projected by analysts that the 'Adjusted EBITDAR- Northeast segment' will reach $198.38 million. The estimate compares to the year-ago value of $212.90 million.
Shares of PENN Entertainment have experienced a change of -6.8% in the past month compared to the -2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #5 (Strong Sell), PENN is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Seeking Clues to PENN Entertainment (PENN) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
Analysts on Wall Street project that PENN Entertainment (PENN - Free Report) will announce quarterly loss of $0.59 per share in its forthcoming report, representing a decline of 290.3% year over year. Revenues are projected to reach $1.63 billion, declining 2.4% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 263.3% 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.
The average prediction of analysts places 'Revenues- West segment' at $127.13 million. The estimate suggests a change of -2% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Interactive segment' of $257.53 million. The estimate suggests a change of +10.3% year over year.
Analysts forecast 'Revenues- South segment' to reach $305.58 million. The estimate points to a change of -2.9% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues- Northeast segment' will likely reach $682.47 million. The estimate suggests a change of -2.6% year over year.
The consensus among analysts is that 'Revenues- Midwest segment' will reach $283.70 million. The estimate indicates a year-over-year change of -3.9%.
Based on the collective assessment of analysts, 'Adjusted EBITDAR- Midwest segment' should arrive at $116.26 million. The estimate is in contrast to the year-ago figure of $125.60 million.
Analysts expect 'Adjusted EBITDAR- West segment' to come in at $48.09 million. The estimate compares to the year-ago value of $49.10 million.
According to the collective judgment of analysts, 'Adjusted EBITDAR- South segment' should come in at $116.77 million. Compared to the present estimate, the company reported $123.60 million in the same quarter last year.
It is projected by analysts that the 'Adjusted EBITDAR- Northeast segment' will reach $198.38 million. The estimate compares to the year-ago value of $212.90 million.
View all Key Company Metrics for PENN Entertainment here>>>
Shares of PENN Entertainment have experienced a change of -6.8% in the past month compared to the -2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #5 (Strong Sell), PENN is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>