PENN: Consensus Points To Q1 Revenues Of $1.14 Billion

Penn National Gaming (NASDAQ: PENN) will be reporting its first quarter financial results on May 6th before market open. Analysts have a consensus $110.07 12-month price target on the company, via a total of 15 analysts, with two analysts having strong buy ratings. Seven analysts meanwhile have buy ratings, four analysts have hold rating and two analysts have hold ratings. The street high currently sits at a $153 price target, and the lowest target sits at $31.

Only 13 analysts have revenue estimates for the first quarter. The mean revenue estimate between all 13 analysts is $1.14 billion; this number has been revised downwards from $1.15 billion at the start of the year. The highest revenue estimate is $1.22 billion, while the lowest is $1.04 billion.

The analyst consensus for net income for the first quarter is $42.48 million, this is practically flat since the start of the year. The highest net income estimate is $89.70 million, while the lowest is $2 million.

Onto EBITDA estimates, there are currently only 13 analysts who have first-quarter EBITDA estimates. The mean is currently $394.75 million, with this number having been revised slightly higher from $387.37 million at the start of the year. The street high estimate currently sits at $422.1 million in EBITDA and the lowest is $351.08 million.

Analysts estimate that quarterly earnings per share will come in at $0.29, with this number being slightly revised up from $0.22 at the start of the year. Street high is $0.63 and the lowest estimate is $0.02 per share for the quarter.

Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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