PENN Entertainment Inc (NASDAQ: PENN) has reported a loss for its first fiscal quarter (ending March 31) of $-0.76 versus $3.35 for the same period a year ago — a decline of -123%. Relative to the consensus estimate of $0.05, this was a shortfall of $-0.81. For the latest four quarters through March 31, E.P.S. were $-7.42 versus $4.42 for the same period a year ago — a decline of -268%.
Recent Price Action
PENN Entertainment Inc (NASDAQ: PENN) stock suffered a large decline of -8.8% on 5/2/24. The stock closed at $15.00. Moreover, this decline was accompanied by exceptionally high trading volume at 409% of normal. The stock has been weak relative to the market over the last nine months and has declined -15.9% during the last week.
Current PriceTarget Research Rating
PENN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
PENN Entertainment has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. PENN Entertainment has a good Appreciation Score of 83 but a very low Power Rating of 14, and the Neutral Value Trend Rating results.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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