Penn National Gaming (PENN) Q4 Revs Beat; Issues Solid Outlook

Penn National Gaming (NASDAQ: PENN) reported Q4 EPS of ($3.40), which does not compare to the analyst estimate of $0.18. Revenue for the quarter came in at $769 million versus the consensus estimate of $761.95 million.

Timothy J. Wilmott, Chief Executive Officer, commented: “The fourth quarter concluded a successful and active year for Penn National, and it marked another period of consolidated positive revenue growth that exceeded both guidance and consensus estimates. In addition, adjusted EBITDA after master lease payments of $68.8 million exceeded guidance by $2.0 million, before the impact of several largely non-operational items, principally the impact of higher cash-settled stock award expense, which rose significantly due to the increase in our stock price.

Sees Q1 revenues of $817.3 million and EPS of $0.41, versus the consensus of $804.44 million and $0.39.

Sees FY2018 revenues of $3.226 billion and EPS of $1.53, versus the consensus of $3.23 billion and $1.30.

For earnings history and earnings-related data on Penn National Gaming (PENN) click here.

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