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 Entertainment is executing a deleveraging strategy, reducing total debt from $11.5B in 2024Q1 to $6.8B in 2026Q2, while revenue grows modestly at 5.2% YoY.
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Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
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| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $0.32+85.9% vs $0.17 | $1.8B-0.1% vs $1.8B |
Q3 2026 Aug 6, 2026 | $0.25-33.1% vs $0.37 | $1.9B-0.2% vs $1.9B |
Q2 2026 Apr 23, 2026 | -$0.02-134.4% vs $0.05 | $1.8B+1.7% vs $1.7B |
Q1 2026 Feb 26, 2026 | -$0.55-139.1% vs -$0.23 | $1.8B+2.6% vs $1.8B |
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.
Benchmark PENN against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for PENN Entertainment, Inc. (PENN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $17.43 | $2.33B | -256.70 | 5.82% | -0.13% | -0.5% | — | |
| $29.23 | $5.95B | -11.19 | 2.14% | -4.55% | -14.93% | — | |
| $32.34 | $8.14B | 11.73 | 1.72% | 3.92% | 20.79% | — | |
| $76.57 | $5.56B | 11.14 | 4.12% | 12.29% | 19.91% | 0.93% | |
| $48.22 | $2.82B | 23.98 | 3.74% | 5.79% | 40.44% | 2.44% | |
| $97.94 | $6.83B | 15.17 | 7.01% | 15.04% | 36.19% | 0.44% |
PENN Entertainment, Inc. (PENN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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PENN Entertainment, Inc. (PENN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 6, 2026·SEC
Jun 18, 2026·SEC
May 28, 2026·SEC
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PENN Entertainment, Inc. (PENN) stock FAQ — growth, dividends, profitability & financials explained
PENN Entertainment, Inc. (PENN) reported $7.28B in revenue over the trailing twelve months. Revenue was $6.96B in fiscal year 2025. That is 10984% more than the $62.8M of fiscal year 1996.
PENN Entertainment, Inc. (PENN) grew revenue by 6.7% over the trailing twelve months, compared with the twelve months before.
No. PENN Entertainment, Inc. (PENN) reported a net loss of $9.2M over the trailing twelve months.
PENN Entertainment, Inc. (PENN) had a return on equity (ROE) of -0.5% over the trailing twelve months. A negative ROE means the company lost money over the period.
PENN Entertainment, Inc. (PENN) generated $87.9M in free cash flow over the trailing twelve months.