Citigroup has initiated coverage on PENN Entertainment Inc (PENN) with a Neutral rating, reflecting the firm's initial assessment of the company's investment potential. This rating comes as PENN operates in the integrated entertainment, sports content, and casino gaming sectors, with a market capitalization of $1.9 billion and a trailing twelve-month earnings per share (EPS) of -6.35.
Headquartered in Wyomissing, Pennsylvania, PENN Entertainment employs 23,118 full-time staff and operates across 28 jurisdictions in North America. Its diversified portfolio includes casinos, racetracks, and online gaming platforms, featuring brands such as Hollywood Casino and ESPN BET.
The move underscores Citigroup's analysis of PENN's business dynamics and growth prospects. While analyst ratings can provide valuable insights, they are based on assumptions that may not always hold true. Investors should consider various factors, including company fundamentals and industry trends, when making decisions.
PENN's upcoming earnings reports are scheduled for May 6, 2026, and August 5, 2026, with estimated EPS of $0.07 and $0.30, respectively. Recent earnings performance has shown volatility, with the company's third-quarter results for 2025 reflecting an EPS of -0.30, significantly below estimates.
As of November 1, 2025, the analyst consensus for PENN stands at 2 Strong Buy, 13 Buy, and 11 Hold ratings, indicating a general positive outlook despite recent fluctuations in performance. Analyst opinions can shift as new information emerges, highlighting the importance of staying informed.
This update provides insight into the evolving landscape for PENN Entertainment as it navigates the competitive environment of the hotels, restaurants, and leisure industry.