PENN Entertainment Tops Q3 2026 Estimates as Revenue Rises 7.1% to $1.840B

PENN Entertainment (PENN) topped estimates for the third quarter of 2026. Revenue was $1.840 billion, up 7.1% from a year earlier, in line with the $1.841 billion estimate, and adjusted EPS was $0.32 above the $0.17 estimate.

Shares fell 0.1% in premarket trading as of 7:02 a.m. ET, to $17.42 from a $17.44 close.

Q3 2026 scorecard

By our calculation, adjusted EPS was $0.15 above it. The QoQ column compares with the previous quarter's revenue of $1.857 billion and adjusted EPS of $0.25. The YoY column compares with $1.717 billion and -$6.03 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 1 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 3 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $1.717 billion, $1.806 billion, $1.779 billion, $1.857 billion and $1.840 billion.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $0.44 and revenue of $1.94 billion next quarter, based on 4 analysts.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 7.1% increase to $1.840 billion.
• Estimate record. Whether PENN Entertainment returns to beating EPS estimates, which it did in 1 of its last 8 reports.
• Related coverage. See our reports on Tecnoglass, Nexstar Media, Bentley Systems and Middleby.

Sources: Results are from PENN Entertainment's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from PENN Entertainment's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.