PENN Entertainment (PENN) Projected to Post Earnings on Thursday

Key Points

• PENN Entertainment will report Q1 2026 results before the market opens on April 23, 2026, with analysts forecasting EPS of $0.06 and revenue of $1.7445 billion and a conference call at 8:00 AM ET.
• The company last quarter beat estimates with $0.07 EPS (vs. a -$0.23 consensus) and $1.81 billion in revenue (up 8.2% YoY), but analysts still expect about -$2 EPS for the current fiscal year and $0 EPS next year.
• PENN stock trades in a 52-week range of $11.65–$20.60 with a $2.14 billion market cap, ~91.7% institutional ownership, and a consensus analyst rating of "Hold" with a $19.73 target price.

PENN Entertainment (NASDAQ:PENN - Get Free Report) is anticipated to post its Q1 2026 results before the market opens on Thursday, April 23rd. Analysts expect PENN Entertainment to post earnings of $0.06 per share and revenue of $1.7445 billion for the quarter. Individuals may review the information on the company's upcoming Q1 2026 earning report for the latest details on the call scheduled for Thursday, April 23, 2026 at 8:00 AM ET.

PENN Entertainment (NASDAQ:PENN - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.30. PENN Entertainment had a negative return on equity of 1.94% and a negative net margin of 12.11%.The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.76 billion. During the same quarter last year, the firm earned ($0.44) earnings per share. The business's revenue was up 8.2% on a year-over-year basis. On average, analysts expect PENN Entertainment to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PENN Entertainment Price Performance

PENN stock opened at $16.01 on Thursday. PENN Entertainment has a 52-week low of $11.65 and a 52-week high of $20.60. The stock's fifty day simple moving average is $14.15 and its 200-day simple moving average is $14.85. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 3.92. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -2.66, a price-to-earnings-growth ratio of 0.51 and a beta of 1.32.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Axxcess Wealth Management LLC raised its position in PENN Entertainment by 54.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 55,075 shares of the company's stock valued at $812,000 after purchasing an additional 19,500 shares during the period. Mercer Global Advisors Inc. ADV raised its position in PENN Entertainment by 328.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 52,814 shares of the company's stock valued at $779,000 after purchasing an additional 40,493 shares during the period. XTX Topco Ltd raised its position in PENN Entertainment by 59.6% in the fourth quarter. XTX Topco Ltd now owns 38,933 shares of the company's stock valued at $574,000 after purchasing an additional 14,534 shares during the period. Susquehanna Portfolio Strategies LLC raised its position in PENN Entertainment by 1,637.1% in the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 194,365 shares of the company's stock valued at $2,867,000 after purchasing an additional 183,176 shares during the period. Finally, Engineers Gate Manager LP raised its position in PENN Entertainment by 1,255.7% in the fourth quarter. Engineers Gate Manager LP now owns 567,388 shares of the company's stock valued at $8,369,000 after purchasing an additional 525,536 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on PENN Entertainment from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 8th. Weiss Ratings restated a "sell (d-)" rating on shares of PENN Entertainment in a report on Friday, March 27th. Canaccord Genuity Group decreased their price objective on PENN Entertainment from $26.00 to $21.00 and set a "buy" rating on the stock in a report on Tuesday, February 3rd. Benchmark upgraded PENN Entertainment from a "hold" rating to a "buy" rating and set a $21.00 price objective on the stock in a report on Thursday, March 5th. Finally, Wells Fargo & Company upgraded PENN Entertainment from a "strong sell" rating to an "equal weight" rating and raised their price objective for the stock from $15.00 to $16.00 in a report on Friday, February 27th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $19.73.

PENN Entertainment Company Profile

PENN Entertainment, Inc NASDAQ: PENN is a leading operator of gaming and racing facilities in the United States. The company's business activities encompass land-based casinos, pari-mutuel racetracks, off-track wagering, and ancillary amenities such as hotels, restaurants and entertainment venues. In August 2022, the company rebranded from Penn National Gaming to PENN Entertainment to reflect its expanding footprint across digital and traditional segments of the gaming industry.

The company's portfolio includes well-known properties under the Hollywood Casino and Ameristar Casino brands, located across multiple states including Pennsylvania, Ohio, Missouri and West Virginia.

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