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
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.
佩恩國民博彩（納斯達克：PENN）分析師們強調ESPN賭博和互動部分是公司在第三季度營收和每股收益未達預期後關注的重點。
The PENN Analysts:
佩恩分析師們：
- 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分析師伯尼·麥克特南重申對佩恩國民博彩的買入評級，目標價爲26美元。
- Truist分析師巴里·喬納斯重申了買入評級，目標價爲23美元。
- Benchmark分析師邁克·希基維持持有評級，沒有目標價。
Read Also: PENN Entertainment's Product Enhancements And ESPN Integration Could Spark 2025 Growth, Says Analyst
閱讀更多：佩恩國民博彩的產品增強和ESPN整合可能激發2025年增長，分析師表示
Needham on PENN: ESPN Bet showed improvement in the third quarter, McTernan said in a new investor note.
Needham對佩恩國民博彩的看法：McTernan在一份新的投資者報告中表示，ESPN賭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.
「我們關注的收益亮點是ESPN賭博在10月表現出色，與9月相比，交易量增長加速，基本面穩健，」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月份的把柄增長了61%，較去年同期增長42%，麥克特南補充道。
Penn also reported early strength from its ESPN and ESPN Bet linking initiative, the analyst added.
分析師補充說，佩恩還報告了其ESPN和ESPN投注鏈接計劃的早期實力。
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.
分析師表示，佩恩的在線體育博彩板塊在2025年可能會有所改善，而iGaming板塊可能會受益於獨立推出的好萊塢賭場應用程序。
McTernan remains cautious and conservative on Penn's Interactive segment and expects continued losses in 2025.
麥克特南對佩恩的互動板塊保持謹慎和保守，並預計2025年將繼續虧損。
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在一份新的投資者備忘錄中稱，PENN的第三季度表現一致，可能會延續到第四季度，並顯示出早期的勢頭。
"All eyes remain on ESPN Bet, with encouraging KPIs as PENN continues to improve the product," Jonas said.
「所有人繼續關注ESPN投注，因爲PENN不斷改進產品，」喬納斯表示。
The analyst said Penn is working to improve the ESPN bet product and fourth-quarter results could show the efforts paying off.
分析師表示，佩恩正在努力改進ESPN投注產品，第四季度的結果可能會顯示出努力取得成效。
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.
佩恩將於2月份提供2025年指引，分析師預計公司將在2025年下半年重新開業的好萊塢賭場喬利耶開業之前將「處於防守狀態」。
"Penn moves increasingly on offense into 2026."
佩恩國民博彩在2026年進攻態勢增強。
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基準：希基表示，在新的投資者備忘錄中，第三季度結果"疲弱"，公司面臨日益激烈的競爭和高額費用。
"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："我們認爲佩恩國民博彩在2025年不太可能實現互動業務部門的盈利平衡，除非他們要麼將重心轉移至市場份額增長，要麼在新市場的投資上持有退縮。"
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在紐約的推出和ESPN帳戶鏈接可能有助於互動業務部門，但希基警告稱，佩恩國民博彩需要展現市場份額增長和運營增長。
The analyst said Penn's retail segment also saw disappointing results, with revenue declines in multiple regions.
分析師表示，佩恩的零售部門也出現了業績不佳，多個地區的營業收入下降。
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.
佩恩股價行動：週五，佩恩股價上漲0.6%，至20.35美元，相對於52周交易區間的13.50至27.20美元。佩恩股價在2024年全年下跌了21%。
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譯文內容由第三人軟體翻譯。
