Penn National Gaming is a High Potential Betting Stock

Penn National GamingPenn National Gaming Inc. (NASDAQ: PENN) is an owner and operator of gaming and racing facilities and video gambling terminals. Its primary focus is on slot machine entertainment.

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The gaming entertainment industry is a strong revenue performer that is largely shielded from economic volatility. Penn National Gaming has generated strong revenue growth for five consecutive fiscal years. 2019 was one of its biggest years ever, with 47% revenue growth and a final sales figure of $5.3 billion. It is profitable with a gross margin of 36.46% and an EBITDA margin of 23.84%.

Earnings are forecast to grow at a rate of 78.8% per year in the mid-term. This could help to support stock growth and drive investor engagement. In the previous 12 months, this stock has returned 269.6%, compared to a decline of -10.7% in the wider US Hospitality industry. It is significantly outpacing its peers, further cementing it as one of the best gambling stocks in 2020.

For its reasonable price, potential upside, stock growth momentum, and strong financials, this is a top stock pick for the final quarter.

Key Data:

  • 1 Year Price Growth: 80%
  • YTD Price Growth: 80%
  • 3 Month Price Growth: 31%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

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The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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