Penn Entertainment (PENN)
NASDAQConsumer DiscretionaryGambling, Resorts & CasinosSnapshot 2026-11-04
$17.44+2.17%
Close 2026-11-04 · 1-day change
NASDAQConsumer DiscretionaryGambling, Resorts & CasinosSnapshot 2026-11-04
QuarterlyIQ Insights · PENN
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 13.7% |
| Our one-year growth estimate | diamond | 6.8% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 6.9 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Worth watching into the next print: this name has erratic recent earnings surprises and operates in a high-miss-rate industry. A fundamental tilt, not a price call.
Model as of 2026-11-04 · Compared with 10 industry peers · Company calendar date is not available
PENN — credit agreement
Dated 2026-05-28
Entry into a Material Definitive Agreement. On May 28, 2026, PENN Entertainment, Inc. (the “Company”) entered into an amendment (the “Amendment”) to its Second Amended and Restated Credit Agreement, dated as of May 3, 2022 (as amended prior to the effectiveness of the Amendment, the “Existing Credit Agreement” and as further amended by the Amendment, the “Amended Credit Agreement”), by and among the Company, the guarantors party thereto, the lenders party thereto and Bank of America, N.A, as…
Why it matters: The Columbus hotel tower and Aurora casino opened in June. Results will show whether early demand lasts and adds to retail earnings.
Watch forQ3 Retail Segment Adjusted EBITDAR is above $517.2 million and grew year over year.
Also watch forQ3 Retail Segment Adjusted EBITDAR is below $517.2 million or falls year over year.
Why it matters: Management named overhead cuts as a priority. Lower costs can help PENN keep more of its retail and online earnings.
Supportive ifQ3 corporate overhead is below $29.5 million, PENN's Q2 level.
Worry ifQ3 corporate overhead is $29.5 million or higher.
Why it matters: PENN launched its apps in Alberta on July 13. More revenue and active users would show the launch is gaining traction.
Watch forPENN reports Alberta revenue and active users rising from the launch quarter to Q3.
Also watch forPENN reports Alberta revenue or active users falling from the launch quarter to Q3.
Why it matters: The sector data points to shrinking revenue, though recent signs hint at a change. Weaker spending could weigh on casino demand.
Worry ifThe next sector update shows revenue growth still below 0%.
Less concerning ifThe next sector update shows revenue growth above 0%.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$168 on $10,000 · ±1.7% | How much price usually moves either way. |
| Bad day | $515 loss on $10,000 · 5.1% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,427 loss on $10,000 · 34.3% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.