Education
About Us
Working with TipRanks
Follow Us
Penn National Gaming (PENN)
NASDAQ:PENN
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.19Last Year’s EPS
-0.76Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -16.12%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted several positive developments, including strong retail performance, successful digital initiatives, and strategic growth projects. However, challenges remain in the interactive segment with significant EBITDA losses and ESPN BET underperformance. Weather and competitive supply also pose hurdles. Overall, the sentiment is slightly positive due to the proactive measures and growth outlook.Company Guidance
During the PENN Entertainment Fourth Quarter 2024 Earnings Call, the company provided guidance for 2025, highlighting a plan to repurchase at least $350 million of shares within the year. For the retail segment, PENN projected revenue between $5.6 billion and $5.75 billion, with EBITDA expected to fall between $1.85 billion and $1.95 billion. On the digital side, revenue guidance ranged from $1.25 billion to $1.75 billion, with an anticipated EBITDA loss of $200 million to $100 million, marking a $350 million year-over-year improvement. Key performance metrics included expected ESPN BET handle market share of 4.7% and US iCasino GDR market share of 3.5% in their live jurisdictions. The company also highlighted ongoing growth projects, with four retail initiatives under construction, anticipated to drive substantial returns in the coming years. Additionally, the company expects to achieve profitability in its digital segment by 2026, with a break-even point anticipated by the end of 2025.Share Repurchase Announcement
PENN Entertainment announced their intention to repurchase at least $350 million of shares of common stock in 2025, indicating confidence in their business outlook.
Retail Revenue and EBITDA Outperformance
For the fourth quarter of 2024, PENN reported retail revenue of $1.4 billion and adjusted EBITDA of $461 million, both slightly above the high end of their guidance.
Digital Segment Growth
The digital database grew to over 4 million members, and PENN anticipates a year-over-year EBITDA improvement of $350 million in the digital segment for 2025.
iCasino Product Launch Success
PENN launched standalone Hollywood iCasino products in Pennsylvania and Michigan with promising early results, leading to a jump in app rankings and increased market share.
Market Expansion in Canada
The Score and Score BET continue to perform well in Canada, with Ontario being the number one market. PENN plans to launch in Alberta, pending approvals.
Infrastructure Development Projects
Four retail growth projects are under construction, with expected openings from late 2024 to mid-2026, aimed at generating attractive returns.
---
PENN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
PENN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $20.41 | $20.39 | -0.10% |
| Nov 07, 2024 | $19.23 | $20.22 | +5.15% |
| Aug 08, 2024 | $17.26 | $18.72 | +8.46% |
| May 02, 2024 | $16.44 | $15.00 | -8.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Penn National Gaming (PENN) report earnings?
Penn National Gaming (PENN) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Penn National Gaming (PENN) earnings time?
Penn National Gaming (PENN) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PENN EPS forecast?
PENN EPS forecast for the fiscal quarter 2025 (Q1) is -0.19.
---
