These positive earnings estimate revisions suggest that analysts are becoming more optimistic on PENN’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Penn National Gaming could be a solid choice for investors.
Current Quarter Estimates for PENN
In the past 30 days, although there has been no estimate revision for Penn National Gaming the consensus estimate trend has been pretty favorable, with estimates narrowing from a loss of 11 cents a share 30 days ago, to a loss of 7 cents today, a move of 36.4%.
Current Year Estimates for PENN
Meanwhile, again although Penn National Gaming’s current year has seen no estimate revision, consensus estimate trend has seen a significant boost increasing from 4 cents per share 30 days ago to 13 cents per share today.
Bottom Line
The stock has also started to move higher lately, adding 6.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
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