PENN Entertainment set to report Q1 earnings with strong expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2025
0mins
Should l Buy PENN?
Source: SeekingAlpha
PENN Entertainment's stock fell 5.04% and hit a 5-day low amid broader market gains, with the Nasdaq-100 up 1.64% and the S&P 500 up 0.94%.
The company is scheduled to announce its Q1 earnings on April 23, with a consensus EPS estimate of -$0.01, reflecting a significant year-over-year increase of 96%. Additionally, expected revenue of $1.75 billion indicates a 4.6% year-over-year growth, suggesting that PENN is maintaining a growth trajectory despite industry challenges. Analysts have shown optimism, with multiple upward revisions in revenue estimates.
The upcoming earnings report could be a pivotal moment for PENN, as it may signal a recovery in profitability and bolster investor confidence, especially given its historical performance of beating estimates 38% of the time.
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Analyst Views on PENN
Wall Street analysts forecast PENN stock price to rise
15 Analyst Rating
9 Buy
5 Hold
1 Sell
Moderate Buy
Current: 14.770
Low
14.15
Averages
19.38
High
26.00
Current: 14.770
Low
14.15
Averages
19.38
High
26.00
About PENN
PENN Entertainment, Inc., together with its subsidiaries, operates in 28 jurisdictions throughout North America, with a portfolio of casinos, racetracks, and online sports betting (OSB) and iCasino offerings. Its focus is on organic cross-selling opportunities, reinforced by its retail casinos, sports media assets and technology, including a proprietary fully integrated digital sports betting and iCasino platform, and an in-house iCasino content studio. Its Northeast segment includes Ameristar East Chicago, Hollywood Casino at Greektown, and Hollywood Casino Bangor. Its South segment includes 1st Jackpot Casino, Ameristar Vicksburg, Boomtown New Orleans, and L’Auberge Baton Rouge. Its West Segment includes Ameristar Black Hawk, Cactus Petes and Horseshu, M Resort Spa Casino and Zia Park Casino. Its Midwest Segment includes Ameristar Council Bluffs, Hollywood Casino Aurora, and River City Casino. Its Interactive segment includes OSB, online casino/iCasino, and social gaming operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PENN Entertainment Q1 2026 Earnings Call Insights
- Strong Retail Performance: PENN Entertainment reported $1.4 billion in retail segment revenue for Q1, with adjusted EBITDAR of $471.4 million and a margin of 33.2%, indicating robust growth driven by the new M Resort Hotel Tower in the West.
- Development Project Returns: Management anticipates that four development projects will yield over 15% cash-on-cash returns on an aggregate project cost of $800 million, with the Hollywood Columbus Hotel Tower and Hollywood Casino Aurora set to open on June 12 and June 24, respectively, which is expected to further boost revenue.
- Digital Strategy Realignment: Under the newly realigned digital strategy, PENN expects a $20 million loss in 2026 from the Alberta launch, while maintaining unchanged interactive revenue guidance outside Alberta, reflecting a cautious approach in the digital market.
- CapEx Adjustment: Total CapEx for 2026 is now projected at $420 million, down from $445 million, primarily due to timing shifts for the Council Bluffs project, demonstrating the company's flexibility and cost control in project management.
See More
PENN ENTERTAINMENT STOCK RISES 11.8% FOLLOWING STRONG Q1 REVENUE RESULTS
PENN Entertainment's Performance: PENN Entertainment's shares increased by 11.8% following a strong performance in the first quarter.
Q1 Revenue Beat: The company reported revenue that exceeded analysts' expectations, contributing to the rise in share prices.
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Penn Entertainment Reports $1.78 Billion Q1 Revenue Amid Economic Pressures
- Revenue Growth: Penn Entertainment reported Q1 revenue of $1.78 billion, a 6% year-over-year increase, although adjusted earnings per share of $0.11 fell short of the $0.14 analyst estimate, indicating resilience amid economic pressures.
- Stable Consumer Spending: CEO Jay Snowden highlighted that tax refunds have risen by approximately 11% to 12% compared to 2025, supporting stronger customer spending, which suggests ongoing consumer confidence despite minor pressures from fluctuating gas prices.
- Easing Competitive Pressures: Snowden noted that new competition impacts in markets like Bossier City are fading, and as year-over-year comparisons normalize, the company expects improved performance, further solidifying its market position.
- Retail Sentiment Shift: On Stocktwits, retail sentiment for PENN stock swung from 'bearish' to 'bullish' in the past 24 hours, with message volume surging by 125%, reflecting increased investor confidence in the company's future performance.
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Texas Instruments Forecasts Significant Earnings Increase
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- American Airlines Performance: American Airlines shares rose over 4% after reporting first-quarter results that exceeded expectations, although the company cut its full-year earnings outlook due to rising fuel costs, reflecting the challenges and strategic responses in the high-cost airline industry.
- United Rentals Sales Forecast Increase: United Rentals shares jumped more than 23% after raising its full-year sales forecast to a range of $16.9 billion to $17.4 billion, demonstrating strong demand in the equipment rental market and a positive outlook heading into its busiest season.
- Molina Healthcare 2026 Forecast Confirmation: Molina Healthcare shares rose 10.3% after reaffirming its 2026 forecast, reporting first-quarter earnings of $2.35 per share on revenue of $10.8 billion, both surpassing analyst expectations, showcasing robust growth and profitability in the healthcare sector.
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Penn (PENN) Q1 2026 Earnings Call Transcript
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PENN Entertainment Surpasses Q1 Earnings Expectations
- Significant Revenue Growth: PENN Entertainment reported $1.4 billion in retail revenue for Q1, with adjusted EBITDAR of $471.4 million, surpassing market expectations and indicating increased revenue across casinos in the Northeast, West, and Midwest, reflecting a rise in overall visitation and spending per visit.
- Improvement in Interactive Segment: The interactive segment narrowed its adjusted EBITDA loss to $10.8 million on revenue of $358.3 million, driven by continued online casino growth and positive trends in Ontario, setting a solid foundation for the anticipated July 13 launch of regulated iCasino and online sports betting in Alberta.
- Earnings Beat Expectations: PENN's non-GAAP EPS of $0.11 exceeded consensus estimates by $0.12 and showed a significant improvement from last year's -$0.25, indicating substantial progress in executing its growth plan.
- Positive Market Reaction: PENN shares rose 2.2% in premarket trading, reflecting investor confidence in the company's performance and optimistic expectations for future growth, further enhancing market trust in its strategic execution capabilities.
See More
PENN Entertainment Q1 2026 Earnings Call Insights
- Strong Retail Performance: PENN Entertainment reported $1.4 billion in retail segment revenue for Q1, with adjusted EBITDAR of $471.4 million and a margin of 33.2%, indicating robust growth driven by the new M Resort Hotel Tower in the West.
- Development Project Returns: Management anticipates that four development projects will yield over 15% cash-on-cash returns on an aggregate project cost of $800 million, with the Hollywood Columbus Hotel Tower and Hollywood Casino Aurora set to open on June 12 and June 24, respectively, which is expected to further boost revenue.
- Digital Strategy Realignment: Under the newly realigned digital strategy, PENN expects a $20 million loss in 2026 from the Alberta launch, while maintaining unchanged interactive revenue guidance outside Alberta, reflecting a cautious approach in the digital market.
- CapEx Adjustment: Total CapEx for 2026 is now projected at $420 million, down from $445 million, primarily due to timing shifts for the Council Bluffs project, demonstrating the company's flexibility and cost control in project management.
See More
PENN ENTERTAINMENT STOCK RISES 11.8% FOLLOWING STRONG Q1 REVENUE RESULTS
PENN Entertainment's Performance: PENN Entertainment's shares increased by 11.8% following a strong performance in the first quarter.
Q1 Revenue Beat: The company reported revenue that exceeded analysts' expectations, contributing to the rise in share prices.
See More
Penn Entertainment Reports $1.78 Billion Q1 Revenue Amid Economic Pressures
- Revenue Growth: Penn Entertainment reported Q1 revenue of $1.78 billion, a 6% year-over-year increase, although adjusted earnings per share of $0.11 fell short of the $0.14 analyst estimate, indicating resilience amid economic pressures.
- Stable Consumer Spending: CEO Jay Snowden highlighted that tax refunds have risen by approximately 11% to 12% compared to 2025, supporting stronger customer spending, which suggests ongoing consumer confidence despite minor pressures from fluctuating gas prices.
- Easing Competitive Pressures: Snowden noted that new competition impacts in markets like Bossier City are fading, and as year-over-year comparisons normalize, the company expects improved performance, further solidifying its market position.
- Retail Sentiment Shift: On Stocktwits, retail sentiment for PENN stock swung from 'bearish' to 'bullish' in the past 24 hours, with message volume surging by 125%, reflecting increased investor confidence in the company's future performance.
See More
Texas Instruments Forecasts Significant Earnings Increase
- Texas Instruments Earnings Outlook: Texas Instruments forecasts current-quarter earnings per share between $1.77 and $2.05, exceeding the consensus of $1.57, with revenue expected between $5 billion and $5.4 billion, significantly above the $4.86 billion anticipated by analysts, indicating strong performance and growth potential in the semiconductor market.
- American Airlines Performance: American Airlines shares rose over 4% after reporting first-quarter results that exceeded expectations, although the company cut its full-year earnings outlook due to rising fuel costs, reflecting the challenges and strategic responses in the high-cost airline industry.
- United Rentals Sales Forecast Increase: United Rentals shares jumped more than 23% after raising its full-year sales forecast to a range of $16.9 billion to $17.4 billion, demonstrating strong demand in the equipment rental market and a positive outlook heading into its busiest season.
- Molina Healthcare 2026 Forecast Confirmation: Molina Healthcare shares rose 10.3% after reaffirming its 2026 forecast, reporting first-quarter earnings of $2.35 per share on revenue of $10.8 billion, both surpassing analyst expectations, showcasing robust growth and profitability in the healthcare sector.
See More
Penn (PENN) Q1 2026 Earnings Call Transcript
See More
PENN Entertainment Surpasses Q1 Earnings Expectations
- Significant Revenue Growth: PENN Entertainment reported $1.4 billion in retail revenue for Q1, with adjusted EBITDAR of $471.4 million, surpassing market expectations and indicating increased revenue across casinos in the Northeast, West, and Midwest, reflecting a rise in overall visitation and spending per visit.
- Improvement in Interactive Segment: The interactive segment narrowed its adjusted EBITDA loss to $10.8 million on revenue of $358.3 million, driven by continued online casino growth and positive trends in Ontario, setting a solid foundation for the anticipated July 13 launch of regulated iCasino and online sports betting in Alberta.
- Earnings Beat Expectations: PENN's non-GAAP EPS of $0.11 exceeded consensus estimates by $0.12 and showed a significant improvement from last year's -$0.25, indicating substantial progress in executing its growth plan.
- Positive Market Reaction: PENN shares rose 2.2% in premarket trading, reflecting investor confidence in the company's performance and optimistic expectations for future growth, further enhancing market trust in its strategic execution capabilities.
See More
