Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Investing.com - Stifel maintained its Hold rating and $19.00 price target on PENN Entertainment Inc (NASDAQ:PENN) following the company’s second-quarter earnings report. The stock, currently trading at $17.02, sits between analysts’ targets ranging from $17 to $30, according to InvestingPro data.
PENN reported second-quarter adjusted EBITDAR (earnings before interest, taxes, depreciation, amortization, and rent) in line with consensus estimates. The company’s retail adjusted EBITDAR slightly exceeded expectations, showing encouraging flow-through as gaming revenue accelerated. With trailing twelve-month EBITDA of $659 million and revenue growth of 5.51%, InvestingPro analysis reveals the company maintains strong operational momentum despite challenging market conditions.
Interactive segment losses were marginally higher than expected and slightly above the midpoint of guidance, despite favorable game outcomes in May and June. Disclosures indicated that iCasino gross gaming revenue is ramping toward targets, while online sports betting commentary suggests commitment to improving market share ahead of the late-2026 ESPN mutual opt-out option.
PENN accelerated share repurchases as previously guided, with management reiterating plans for $350 million or more in buybacks during fiscal year 2025. The company’s retail segment showed some upside, which Stifel noted was appreciated given improving state-reported gross gaming revenue.
Stifel expects PENN shares to slightly outperform in the near term, with the firm maintaining its Hold rating pending more information from the company’s earnings call.
In other recent news, Penn Entertainment, Inc. reported second-quarter results that exceeded analyst expectations. The company announced adjusted earnings and revenue figures that were higher than what analysts had projected. These results highlight Penn Entertainment’s solid retail performance during the quarter. The company’s strong financial performance in the second quarter has drawn attention from investors and market analysts. The announcement came as a positive surprise to the market, reflecting the company’s ability to outperform forecasts. This development is part of a series of recent updates from Penn Entertainment. The company’s ability to surpass earnings and revenue estimates is a focal point for stakeholders. Such results are crucial for investors assessing the company’s financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.