Penn National Gaming Reports First Quarter Revenues of $1.27 Billion, Net Income of $90.9 Million, Adjusted EBITDAR of $447.0 Million, and Adjusted EBITDA of $336.6 Million

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Go back to Penn National Gaming Reports First Quarter Revenues of $1.27 Billion, Net Income of $90.9 Million, Adjusted EBITDAR of $447.0 Million, and Adjusted EBITDA of $336.6 Million

Needham & Company Says Penn National Gaming (PENN) Being Underestimated by Market

May 7, 2021 6:25 AM EDT

Needham & Company analyst Bernie McTernan reiterated a Buy rating and $151.00 price target on Penn National Gaming (NASDAQ: PENN)

The analyst comments "We reiterate our Buy rating and $151 target on PENN shares as our estimates are increasing following better than expected 1Q... More

Penn National Gaming (PENN) Tops Q1 EPS by 28c, Revenues Beats

May 6, 2021 7:03 AM EDT

Penn National Gaming (NASDAQ: PENN) reported Q1 EPS of $0.55, $0.28 better than the analyst estimate of $0.27. Revenue for the quarter came in at $1.27 billion versus the consensus estimate of $1.13 billion. Adjusted EBITDAR was $447.0 million.

Jay Snowden, President and Chief Executive Officer, commented: Penn National kicked off the year with record results in Q1 2021 from our land-based business and the launch of our online Barstool Sportsbook in Michigan and Illinois. In addition, we fully integrated our mychoice player loyalty program... More