Penn National Gaming (PENN) Exceeds Stock Gains: What You Need To Know
Penn National Gaming (PENN) closed on the last trading day at $ 75.72, up 0.16% from the previous trading session. The change exceeded the S&P 500’s 0.15% gain on the day.
As of today, the casino operator’s shares had lost 6.48% over the past month. At the same time, the consumer discretionary sector gained 0.41%, while the S&P 500 lost 0.58%.
Wall Street will be researching PENN’s positivity as the date of its next earnings report approaches. The company is expected to post EPS of $ 0.81, down 12.9% from the previous year quarter. Our most recent consensus estimate projects quarterly revenue of $ 1.5 billion, up 32.76% from the previous year.
PENN’s Zacks consensus estimates for the full year project earnings of $ 3.21 per share and revenue of $ 5.73 billion. These results would represent year-over-year variations of + 164.2% and + 60.01%, respectively.
Any recent changes in analysts’ estimates for PENN should also be noted by investors. These revisions help show the ever-changing nature of short-term business trends. With this in mind, we can take positive estimate revisions as a sign of optimism about the company’s business prospects.
Based on our research, we believe that these estimate revisions are directly related to stock movements close to the team. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and provides a clear and actionable scoring model.
Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks Rank system has a proven and externally audited track record of outperformance, with # 1 stocks returning an average of + 25% per year since 1988. In the past 30 days, our consensus EPS forecast has remained stagnant. PENN currently sports a Zacks rank of 3 (Hold).
Looking at its valuation, PENN holds a forward P / E ratio of 23.59. Its industry has an average forward P / E of 22.38, so one could conclude that PENN is trading at a comparatively premium.
The gaming industry is part of the consumer discretionary sector. This group has a Zacks Industry Rank of 181, placing it in the lowest 29% of all 250+ industries.
The Zacks Industry Rankings assesses the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within the groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
Make sure to use Zacks. Com to track all of these stock market metrics, and more, over future trading sessions.
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Penn National Gaming, Inc. (PENN): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.