PENN Entertainment (PENN) Projected to Announce Earnings on Thursday

Key Points

• PENN Entertainment is expected to report Q3 2026 results before the market opens on November 5, 2026. Analysts forecast earnings of $0.1721 per share and revenue of $1.84 billion.
• In its previous quarter, PENN reported $0.44 EPS, beating estimates of $0.37, while revenue rose 5.2% year over year to $1.86 billion.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $23.61, compared with the stock’s reported price of $14.72.

PENN Entertainment (NASDAQ:PENN - Get Free Report) is expected to be announcing its Q3 2026 results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of $0.1721 per share and revenue of $1.84 billion for the quarter. Individuals can check the company's upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Thursday, November 5, 2026 at 9:00 AM ET.

PENN Entertainment (NASDAQ:PENN - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.07. PENN Entertainment had a negative net margin of 12.66% and a positive return on equity of 2.93%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. PENN Entertainment's revenue was up 5.2% on a year-over-year basis. On average, analysts expect PENN Entertainment to post $1.20 EPS for the current fiscal year and $1.66 EPS for the next fiscal year.

PENN Entertainment Price Performance

PENN stock opened at $14.72 on Thursday. PENN Entertainment has a 52 week low of $11.65 and a 52 week high of $22.36. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 3.79. The company has a fifty day simple moving average of $16.20 and a two-hundred day simple moving average of $16.76. The firm has a market capitalization of $1.97 billion, a P/E ratio of -2.31, a price-to-earnings-growth ratio of 0.37 and a beta of 1.39.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Citizens Jmp upped their target price on shares of PENN Entertainment from $24.00 to $26.00 and gave the company a "market outperform" rating in a research report on Thursday, July 16th. Bank of America increased their price target on shares of PENN Entertainment from $18.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, July 20th. Benchmark lifted their price target on PENN Entertainment from $21.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Morgan Stanley reduced their price objective on PENN Entertainment from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Monday, October 19th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of PENN Entertainment in a research note on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.61.

About PENN Entertainment

PENN Entertainment, Inc is a North American provider of integrated entertainment, gaming and sports betting. The company operates casinos, racetracks and video gaming terminals, offering slot machines, table games, poker, sports wagering, hotel accommodations, restaurants, entertainment venues and other amenities.

PENN's portfolio includes regional gaming properties operating under brands such as Hollywood Casino, Ameristar, L'Auberge and M Resort. Its land-based operations serve customers across numerous U.S.

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