For its third fiscal quarter (ending September 30), PENN Entertainment Inc (NASDAQ: PENN) has reported a -95% decline in E.P.S. from $-4.80 a year ago to $-0.24 in the current quarter. E.P.S. were $-3.54 for the latest four quarters through September 30 versus $-0.74 for the same period a year ago — an increase of 378%.
Recent Price Action
PENN Entertainment Inc (NASDAQ: PENN) stock enjoyed a very large increase of 5.1% on 11/7/24. The shares closed at $20.22. Moreover, this advance was accompanied by unusually high trading volume at 163% of normal. The stock has declined -2.3% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PENN is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
PENN Entertainment has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. PENN Entertainment has a good Appreciation Score of 82 but a neutral Power Rating of 47, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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