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Penn Entertainment Analysts Say 'All Eyes Remain On ESPN Bet' After Q3 Earnings Miss

Penn Entertainment Analysts Say 'All Eyes Remain On ESPN Bet' After Q3 Earnings Miss

佩恩国民博彩分析师表示,“所有板块的目光仍然集中在ESPN投注”在第三季度盈利不及预期后。
Benzinga ·  11/08 11:39

PENN Entertainment (NASDAQ:PENN) analysts highlight the ESPN Bet and Interactive segment as items to watch after the company missed third-quarter estimates for revenue and earnings per share.

佩恩国民博彩(纳斯达克:PENN)分析师们强调ESPN赌博和互动部分是公司在第三季度营收和每股收益未达预期后关注的重点。

The PENN Analysts:

佩恩分析师们:

  • Needham analyst Bernie McTernan reiterated a Buy rating on Penn Entertainment with a $26 price target.
  • Truist analyst Barry Jonas reiterated a Buy rating with a $23 price target.
  • Benchmark analyst Mike Hickey maintained a Hold rating with no price target.
  • Needham分析师伯尼·麦克特南重申对佩恩国民博彩的买入评级,目标价为26美元。
  • Truist分析师巴里·乔纳斯重申了买入评级,目标价为23美元。
  • Benchmark分析师迈克·希基维持持有评级,没有目标价。

Read Also: PENN Entertainment's Product Enhancements And ESPN Integration Could Spark 2025 Growth, Says Analyst

阅读更多:佩恩国民博彩的产品增强和ESPN整合可能激发2025年增长,分析师表示

Needham on PENN: ESPN Bet showed improvement in the third quarter, McTernan said in a new investor note.

Needham对佩恩国民博彩的看法:McTernan在一份新的投资者报告中表示,ESPN赌博在第三季度有所改善。

"The highlight on earnings for us were the strong underlying fundamentals for ESPN Bet in October, with handle growth showing acceleration from September to October," McTernan said.

“我们关注的收益亮点是ESPN赌博在10月表现出色,与9月相比,交易量增长加速,基本面稳健,”McTernan表示。

ESPN Bet saw handle growth up 61% year-over-year in October, up from +42% in the third quarter, McTernan added.

ESPN投注在10月份的把柄增长了61%,较去年同期增长42%,麦克特南补充道。

Penn also reported early strength from its ESPN and ESPN Bet linking initiative, the analyst added.

分析师补充说,佩恩还报告了其ESPN和ESPN投注链接计划的早期实力。

The analyst said Penn's online sports betting segment could see improvement in 2025 and the iGaming segment could benefit from the launch of a standalone Hollywood Casino app.

分析师表示,佩恩的在线体育博彩板块在2025年可能会有所改善,而iGaming板块可能会受益于独立推出的好莱坞赌场应用程序。

McTernan remains cautious and conservative on Penn's Interactive segment and expects continued losses in 2025.

麦克特南对佩恩的互动板块保持谨慎和保守,并预计2025年将继续亏损。

Truist on PENN: An in-line third quarter will likely carry over to the fourth quarter with early momentum showing, Jonas said in a new investor note.

Jonas在一份新的投资者备忘录中称,PENN的第三季度表现一致,可能会延续到第四季度,并显示出早期的势头。

"All eyes remain on ESPN Bet, with encouraging KPIs as PENN continues to improve the product," Jonas said.

“所有人继续关注ESPN投注,因为PENN不断改进产品,”乔纳斯表示。

The analyst said Penn is working to improve the ESPN bet product and fourth-quarter results could show the efforts paying off.

分析师表示,佩恩正在努力改进ESPN投注产品,第四季度的结果可能会显示出努力取得成效。

Penn will provide 2025 guidance in February, with the analyst expecting the company to be "playing defense" until the relocated Hollywood Casino Joliet opens in the second half of 2025.

佩恩将于2月份提供2025年指引,分析师预计公司将在2025年下半年重新开业的好莱坞赌场乔利耶开业之前将“处于防守状态”。

"Penn moves increasingly on offense into 2026."

佩恩国民博彩在2026年进攻态势增强。

Benchmark on PENN: Third-quarter results were "weak" and the company faces rising competition and high expenses in new markets, Hickey said in a new investor note.

PENN基准:希基表示,在新的投资者备忘录中,第三季度结果"疲弱",公司面临日益激烈的竞争和高额费用。

"We believe it is unlikely that PENN will reach breakeven in the Interactive segment in 2025 as projected, unless they either shift focus away from market share growth or hold back on investments in new markets," Hickey said.

希基表示:"我们认为佩恩国民博彩在2025年不太可能实现互动业务部门的盈利平衡,除非他们要么将重心转移至市场份额增长,要么在新市场的投资上持有退缩。"

The ESPN Bet launch in New York and ESPN account-linking could help the Interactive segment, but Hickey cautions that Penn needs to show market share gains and operating growth.

ESPN Bet在纽约的推出和ESPN账户链接可能有助于互动业务部门,但希基警告称,佩恩国民博彩需要展现市场份额增长和运营增长。

The analyst said Penn's retail segment also saw disappointing results, with revenue declines in multiple regions.

分析师表示,佩恩的零售部门也出现了业绩不佳,多个地区的营业收入下降。

PENN Price Action: Penn stock is up 0.6% to $20.35 on Friday, versus a 52-week trading range of $13.50 to $27.20. Penn stock is down 21% year-to-date in 2024.

佩恩股价行动:周五,佩恩股价上涨0.6%,至20.35美元,相对于52周交易区间的13.50至27.20美元。佩恩股价在2024年全年下跌了21%。

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