In the most recent buying and selling session, Penn Nationwide Gaming (PENN) closed at $100.72, marking a +0.13% transfer from yesterday. This transformation lagged the S&P 500’s 1.11% achieve on the day.
Previous to right this moment’s buying and selling, shares of the on line casino operator had misplaced 17.62% over the previous month. This has lagged the Shopper Discretionary sector’s lack of 7.07% and the S&P 500’s achieve of 4.72% in that point.
Wall Road might be on the lookout for positivity from PENN because it approaches its subsequent earnings report date. That is anticipated to be Could 6, 2021. On that day, PENN is projected to report earnings of $0.28 per share, which might symbolize year-over-year progress of 366.67%. Our most up-to-date consensus estimate is looking for quarterly income of $1.14 billion, up 2.11% from the year-ago interval.
PENN’s full-year Zacks Consensus Estimates are calling for earnings of $1.64 per share and income of $4.98 billion. These outcomes would symbolize year-over-year modifications of +132.8% and +39.02%, respectively.
Additionally it is essential to notice the current modifications to analyst estimates for PENN. Latest revisions are likely to mirror the most recent near-term enterprise tendencies. As such, optimistic estimate revisions mirror analyst optimism concerning the firm’s enterprise and profitability.
Analysis signifies that these estimate revisions are immediately correlated with near-term share worth momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate modifications into consideration and delivers a transparent, actionable score mannequin.
The Zacks Rank system ranges from #1 (Sturdy Purchase) to #5 (Sturdy Promote). It has a exceptional, outside-audited monitor document of success, with #1 shares delivering a median annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.65% decrease inside the previous month. PENN is at the moment a Zacks Rank #5 (Sturdy Promote).
its valuation, PENN is holding a Ahead P/E ratio of 61.55. For comparability, its business has a median Ahead P/E of 29.51, which implies PENN is buying and selling at a premium to the group.
The Gaming business is a part of the Shopper Discretionary sector. This group has a Zacks Trade Rank of 210, placing it within the backside 18% of all 250+ industries.
The Zacks Trade Rank gauges the power of our particular person business teams by measuring the typical Zacks Rank of the person shares inside the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
To observe PENN within the coming buying and selling classes, you should definitely make the most of Zacks.com.
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Penn National Gaming, Inc. (PENN): Free Stock Analysis Report
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