Stock Pulse
PENN Entertainment reported Q4 2024 revenue of $1.67 billion, a 19.6% year-over-year increase, meeting analyst expectations but significantly missing EBITDA and EPS targets [1], [5], [6]. This led to a stock price decline of over 20% following the earnings release [1]. Despite achieving the highest revenue growth among peers, the profitability miss raises concerns about the effectiveness of PENN's growth strategy [1]. The company's stock has declined significantly over the past three years due to slow revenue growth and unprofitability [2]. While PENN has a diverse portfolio including physical casinos, racetracks, online platforms, and a sports betting deal with ESPN, its recent financial performance has negatively impacted market sentiment [3], [4]. The upcoming Q1 2025 earnings release on May 8th will be crucial for evaluating the company's progress [7]. CEO Jay Snowden recently received performance-based stock awards [8].