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Investing.com - Benchmark has reiterated its Hold rating on PENN Entertainment Inc (NASDAQ:PENN), currently trading at $16.91, following the company’s second-quarter 2025 financial results that showed mixed performance against analyst expectations. According to InvestingPro analysis, PENN’s overall financial health score is currently rated as weak, with the stock showing significant volatility.
PENN reported revenue of $1.765 billion for Q2 2025, exceeding the consensus estimate of $1.730 billion. However, its adjusted EBITDAR of $392.1 million fell slightly short of the $392.8 million consensus projection. The company maintains a significant debt burden with a debt-to-equity ratio of 3.7x, though analysts expect net income growth this year. Get deeper insights into PENN’s financial metrics and 8 additional key ProTips with an InvestingPro subscription.
The company’s retail properties demonstrated solid performance in markets not facing new competition, generating nearly 4% year-over-year revenue growth in these regions, contributing to the overall revenue growth of 7.34% in the last twelve months. Meanwhile, the Interactive segment achieved record gaming revenue in both online sports betting and iCasino operations, though this division continued to operate at a loss, reflected in the company’s negative earnings yield of -7%.
Management reaffirmed its expectation for sequential digital profitability improvement throughout 2025, projecting a positive inflection in the fourth quarter and targeting full-year profitability for 2026. Benchmark identified several risk factors, including new competitive supply in select markets, legislative tax increases, and the need for sustained promotional discipline in a competitive online landscape. For comprehensive analysis of PENN’s risk factors and growth potential, access the detailed Pro Research Report available exclusively on InvestingPro.
The company faces several upcoming catalysts, including today’s opening of Hollywood Casino (EPA:CASP) Joliet, further product integration with ESPN BET, and continued momentum in omni-channel cross-selling opportunities.
In other recent news, PENN Entertainment reported impressive second-quarter 2025 earnings, with an earnings per share of $0.10, significantly outperforming the expected loss of $0.02. The company’s revenue also surpassed projections, reaching $1.77 billion against the anticipated $1.73 billion. JMP Securities responded to these results by raising its price target for PENN Entertainment to $25, citing the company’s revenue beat and EBITDAR of $392 million, which aligned with forecasts. Meanwhile, Needham adjusted its price target for PENN Entertainment to $22, due to weaker-than-expected interactive handle trends in the same quarter. Despite these differing assessments, both firms maintained positive ratings on the stock. These developments highlight the mixed analyst sentiment following PENN Entertainment’s recent financial performance.
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