
A brutal earnings miss sent DraftKings spiraling, but most retirement portfolios will barely notice. One narrow thematic fund could take a far deeper hit, and a bet on prediction markets explains why the damage may not be over.
Penn National Gaming, Inc. is an American operator of casinos and racetracks, based in Wyomissing, Pennsylvania.
| Revenue (TTM) | $7.28B |
| Gross Profit (TTM) | $2.62B |
| EBITDA | $922.90M |
| Operating Margin | 7.35% |
| Return on Equity | -37.60% |
| Return on Assets | 1.75% |
| Revenue/Share (TTM) | $54.46 |
| Book Value | $14.63 |
| Price-to-Book | 1.25 |
| Price-to-Sales (TTM) | 0.32 |
| EV/Revenue | 1.716 |
| EV/EBITDA | 14.63 |
| Quarterly Earnings Growth (YoY) | 208.90% |
| Quarterly Revenue Growth (YoY) | 7.10% |
| Shares Outstanding | $133.97M |
| Float | $118.23M |
| % Insiders | 1.59% |
| % Institutions | 106.65% |
Volatility is currently contracting

A brutal earnings miss sent DraftKings spiraling, but most retirement portfolios will barely notice. One narrow thematic fund could take a far deeper hit, and a bet on prediction markets explains why the damage may not be over.

The cost of competing in prediction markets is hitting DraftKings (NASDAQ:DKNG | DKNG Price Prediction) hard after its third-quarter report and first 2027 forecast both fell short of Wall Street's hopes. DraftKings stock is trading at $17.13, down 27%.

PENN Entertainment, Inc. ( PENN ) Q3 2026 Earnings Call November 5, 2026 9:00 AM EST Company Participants Jay Snowden - President, CEO & Director Felicia Kantor Hendrix - Executive VP & CFO Aaron LaBerge - Chief Technology Officer & Head of Interactive Conference Call Participants Joseph Jaffoni - JCIR Brandt Montour - Barclays Bank PLC, Research Division Barry Jonas - Truist Securities, Inc., Research Division Samuel Nielsen - JPMorgan Chase & Co, Research Division Joseph Stauff - Susquehanna Financial Group, LLLP, Research Division Jordan Bender - Citizens JMP Securities, LLC, Research Division Jeffrey Stantial - Stifel, Nicolaus & Company, Incorporated, Research Division Steven Pizzella - Deutsche Bank AG, Research Division John DeCree - CBRE Securities, LLC, Research Division Chad Beynon - Macquarie Research Benjamin Chaiken - Mizuho Securities USA LLC, Research Division Raymond Bowers - Wells Fargo Securities, LLC, Research Division Presentation Operator Greetings, and welcome to the PENN Entertainment Third Quarter 2026 Earnings Call. I would now like to turn the conference over to Joe Jaffoni, Investor Relations.

PENN Entertainment NASDAQ: PENN raised its 2026 retail guidance after reporting higher third-quarter revenue and earnings, as growth at existing casinos and contributions from recently completed projects helped offset higher gaming taxes and unfavorable table game results.

PENN Entertainment (PENN) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to a loss of $0.22 per share a year ago.

WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three and nine months ended September 30, 2026. Jay Snowden, Chief Executive Officer and President, said: “PENN's third quarter results were highlighted by strong year-over-year growth in Retail Segment Adjusted EBITDAR, continued progress toward Interactive profitability, and further balance sheet deleveraging. Our Retail segment achieved record third qua.

PENN Entertainment (PENN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

DraftKings edges out PENN Entertainment with stronger digital growth prospects, customer acquisition and product innovation, despite prediction-market investments and profitability risks.

Shares of Airbnb, Inc. performed well in the quarter following strong second quarter results that exceeded expectations and a confident outlook for sustained growth acceleration. Shares of Mohawk contributed to performance this quarter, driven by optimism around the company's leadership transition as well as strong second quarter earnings results. Following strong share price performance in the first six months of 2026 when its shares gained 38% through June 30, 2026, the shares of PENN Entertainment, Inc. detracted from performance during the quarter amid broad weakness in gaming stocks.

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