PENN Entertainment Third Quarter 2024 Earnings: EPS Beats Expectations

PENN Entertainment (NASDAQ:PENN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.64b (up 1.2% from 3Q 2023).
• Net loss: US$36.7m (loss narrowed by 95% from 3Q 2023).
• US$0.24 loss per share (improved from US$4.80 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

PENN Entertainment EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.6%.

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are up 5.3% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on PENN Entertainment's balance sheet health.

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