PENN Entertainment (NASDAQ:PENN) Q1 2024 Results
Main financial results
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Revenue: USD 1.61 billion (down 4.0% from Q1 2023).
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Net loss: USD 114.7 million (122% decrease from Q1 2023 profit of USD 512.8 million).
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Loss of USD 0.76 per share (down from profit of USD 3.35 in Q1 2023).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
PENN Entertainment's revenue and profits fall below expectations
Sales were 1.4% lower than analysts expected. Earnings per share (EPS) also fell 30% below analyst expectations.
Looking ahead, revenues are expected to grow by an average of 6.6% over the next three years, compared to a growth forecast of 9.7% for the U.S. hospitality industry.
performance of American hospitality industry.
The company's stock price has fallen 10% from a week ago.
balance sheet analysis
Just as investors need to consider its earnings, it's also important to consider the strength of a company's balance sheet.we have A graphical representation of PENN Entertainment's balance sheet and a detailed analysis of the company's financial position.
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