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PENN Entertainment Full Year 2023 Earnings: Misses Expectations

PENN Entertainment (NASDAQ:PENN) Full Year 2023 Results

Key Financial Results

  • Revenue: US$6.36b (flat on FY 2022).

  • Net loss: US$490.0m (down by 322% from US$221.2m profit in FY 2022).

  • US$3.22 loss per share (down from US$1.37 profit in FY 2022).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

PENN Entertainment Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 114%.

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the US.

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Performance of the American Hospitality industry.

The company's shares are down 20% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for PENN Entertainment you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.