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PENN Entertainment (PENN) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
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The upcoming report from PENN Entertainment (PENN - Free Report) is expected to reveal quarterly loss of -$0.21 per share, indicating an increase of 52.3% compared to the year-ago period. Analysts forecast revenues of $1.75 billion, representing an increase of 5.1% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 256.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some PENN Entertainment metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenues- West segment' should come in at $134.71 million. The estimate indicates a change of +4.1% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenues- Interactive segment' should arrive at $350.69 million. The estimate suggests a change of +27.5% year over year.
Analysts forecast 'Revenues- Midwest segment' to reach $302.10 million. The estimate points to a change of +3.9% from the year-ago quarter.
Analysts predict that the 'Revenues- Northeast segment' will reach $692.54 million. The estimate suggests a change of +0.4% year over year.
Analysts expect 'Revenues- South segment' to come in at $281.71 million. The estimate indicates a year-over-year change of -0.9%.
The consensus among analysts is that 'Revenues- Other segment' will reach $3.95 million. The estimate points to a change of +6.8% from the year-ago quarter.
The average prediction of analysts places 'Adjusted EBITDAR- Midwest segment' at $119.14 million. The estimate is in contrast to the year-ago figure of $121.40 million.
The collective assessment of analysts points to an estimated 'Adjusted EBITDAR- West segment' of $74.12 million. The estimate is in contrast to the year-ago figure of $43.50 million.
Analysts' assessment points toward 'Adjusted EBITDAR- South segment' reaching $96.83 million. The estimate is in contrast to the year-ago figure of $101.90 million.
The combined assessment of analysts suggests that 'Adjusted EBITDAR- Northeast segment' will likely reach $192.83 million. Compared to the current estimate, the company reported $194.40 million in the same quarter of the previous year.
Over the past month, shares of PENN Entertainment have returned -13.9% versus the Zacks S&P 500 composite's -1% change. Currently, PENN carries a Zacks Rank #3 (Hold), suggesting that its performance may align with 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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PENN Entertainment (PENN) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
The upcoming report from PENN Entertainment (PENN - Free Report) is expected to reveal quarterly loss of -$0.21 per share, indicating an increase of 52.3% compared to the year-ago period. Analysts forecast revenues of $1.75 billion, representing an increase of 5.1% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 256.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some PENN Entertainment metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenues- West segment' should come in at $134.71 million. The estimate indicates a change of +4.1% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenues- Interactive segment' should arrive at $350.69 million. The estimate suggests a change of +27.5% year over year.
Analysts forecast 'Revenues- Midwest segment' to reach $302.10 million. The estimate points to a change of +3.9% from the year-ago quarter.
Analysts predict that the 'Revenues- Northeast segment' will reach $692.54 million. The estimate suggests a change of +0.4% year over year.
Analysts expect 'Revenues- South segment' to come in at $281.71 million. The estimate indicates a year-over-year change of -0.9%.
The consensus among analysts is that 'Revenues- Other segment' will reach $3.95 million. The estimate points to a change of +6.8% from the year-ago quarter.
The average prediction of analysts places 'Adjusted EBITDAR- Midwest segment' at $119.14 million. The estimate is in contrast to the year-ago figure of $121.40 million.
The collective assessment of analysts points to an estimated 'Adjusted EBITDAR- West segment' of $74.12 million. The estimate is in contrast to the year-ago figure of $43.50 million.
Analysts' assessment points toward 'Adjusted EBITDAR- South segment' reaching $96.83 million. The estimate is in contrast to the year-ago figure of $101.90 million.
The combined assessment of analysts suggests that 'Adjusted EBITDAR- Northeast segment' will likely reach $192.83 million. Compared to the current estimate, the company reported $194.40 million in the same quarter of the previous year.
View all Key Company Metrics for PENN Entertainment here>>>Over the past month, shares of PENN Entertainment have returned -13.9% versus the Zacks S&P 500 composite's -1% change. Currently, PENN carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .