In today’s recent session, 2.21 million shares of the PENN Entertainment Inc (NASDAQ:PENN) have been traded, and its beta is 2.05. Most recently the company’s share price was $17.05, and it changed around $0.12 or 0.71% from the last close, which brings the market valuation of the company to $2.60B. PENN at last check was trading at a discount to its 52-week high of $31.63, offering almost -85.51% off that amount. The share price’s 52-week low was $15.88, which indicates that the recent value has risen by an impressive 6.86% since then. We note from PENN Entertainment Inc’s average daily trading volume that its 3-month average coming to 5.60 million.
PENN Entertainment Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.05. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 5 recommended PENN as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. PENN Entertainment Inc is expected to report earnings per share of -$0.58 for the current quarter.
PENN Entertainment Inc (NASDAQ:PENN) trade information
Instantly PENN has been showing a green trend so far today with a performance of 0.71% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -34.48% year-to-date, but still up 3.08% over the last five days. On the other hand, PENN Entertainment Inc (NASDAQ:PENN) is -1.33% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $54.44, which translates to bulls needing to increase their stock price by 68.68% from its current value. Analyst projections state that PENN is forecast to be at a low of $23 and a high of $115.
PENN Entertainment Inc (PENN) estimates and forecasts
PENN Entertainment Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -16.55 percent over the past six months and at a 73.29% annual growth rate that is well above the industry average of 8.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -119.00% in revenue this quarter, and will report a decrease of -85.40% in the next quarter. The year-over-year growth rate is expected to be 7.60%, up from the previous year.
Consensus estimates provided by 17 financial analysts predict the company will bring in an average of $1.63 billion in revenue for the current quarter. 17 analysts expect PENN Entertainment Inc to make $1.7 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $1.59 billion and $1.67 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 2.40%. Forecasts for the next quarter put sales growth at 1.80%.
PENN Entertainment Inc earnings are expected to increase by 80.24% in 2024, but the outlook is positive 9.09% per year for the next five years.
