In the newest buying and selling session, Penn Nationwide Gaming (PENN) closed at $100.72, marking a +0.13% transfer from the day before today. This modification lagged the S&P 500’s 1.11% acquire on the day.
Previous to right this moment’s buying and selling, shares of the on line casino operator had misplaced 17.62% over the previous month. This has lagged the Shopper Discretionary sector’s lack of 7.07% and the S&P 500’s acquire of 4.72% in that point.
Wall Road might be in search of positivity from PENN because it approaches its subsequent earnings report date. That is anticipated to be Could 6, 2021. On that day, PENN is projected to report earnings of $0.28 per share, which might characterize year-over-year progress of 366.67%. Our most up-to-date consensus estimate is looking for quarterly income of $1.14 billion, up 2.11% from the year-ago interval.
PENN’s full-year Zacks Consensus Estimates are calling for earnings of $1.64 per share and income of $4.98 billion. These outcomes would characterize year-over-year adjustments of +132.8% and +39.02%, respectively.
It is usually necessary to notice the current adjustments to analyst estimates for PENN. Current revisions are likely to replicate the newest near-term enterprise traits. As such, optimistic estimate revisions replicate analyst optimism concerning the firm’s enterprise and profitability.
Analysis signifies that these estimate revisions are straight correlated with near-term share worth momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate adjustments into consideration and delivers a transparent, actionable score mannequin.
The Zacks Rank system ranges from #1 (Sturdy Purchase) to #5 (Sturdy Promote). It has a exceptional, outside-audited observe document of success, with #1 shares delivering a median annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.65% decrease inside the previous month. PENN is at present a Zacks Rank #5 (Sturdy Promote).
Taking a look at its valuation, PENN is holding a Ahead P/E ratio of 61.55. For comparability, its trade has a median Ahead P/E of 29.51, which suggests PENN is buying and selling at a premium to the group.
The Gaming trade is a part of the Shopper Discretionary sector. This group has a Zacks Trade Rank of 210, placing it within the backside 18% of all 250+ industries.
The Zacks Trade Rank gauges the energy of our particular person trade teams by measuring the typical Zacks Rank of the person shares inside the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
To observe PENN within the coming buying and selling periods, make sure you make the most of Zacks.com.
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Penn Nationwide Gaming, Inc. (PENN): Free Inventory Evaluation Report
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