Pinnacle Entertainment (PNK) Stock Declines Today After Earnings MissNEW YORK (TheStreet) -- Pinnacle Entertainment shares are down 4.6% to $24.46 in trading on Thursday after the gaming company reported a third quarter earnings miss before the opening bell today. The company reported net income of $12.5 million, or 20 cents per diluted share on an adjusted basis, less than half of the 46 cents per diluted share Wall Street analysts were expecting for the period. Must Read: Warren Buffetts 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. The company generated $568.3 million in revenue, ahead of analysts $564.3 million estimates by $4 million. In separate news, the company announced that it plans to separate its real estate assets from its operating assets in an effort to increase long-term shareholder value through the creation of a newly formed, publicly traded, real estate trust. TheStreet Ratings team rates PINNACLE ENTERTAINMENT INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: We rate PINNACLE ENTERTAINMENT INC (PNK) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The companys strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Highlights from the analysis by TheStreet Ratings Team goes as follows: You can view the full analysis from the report here: PNK Ratings Report PNK data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Click to view a price quote on PNK. Click to research the Leisure industry. By twocents@thestreet (Tony Owusu) NEW YORK (TheStreet) -- Pinnacle Entertainment shares are down 4.6% to $24.46 in trading on Thursday after the gaming company reported a third quarter earnings miss before the opening bell today. The company reported net income of $12.5 million, or 20 cents per diluted share on an adjusted basis, less than half of the 46 cents per diluted share Wall Street analysts were expecting for the period. Must Read: Warren Buffetts 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. The company generated $568.3 million in revenue, ahead of analysts $564.3 million estimates by $4 million. In separate news, the company announced that it plans to separate its real estate assets from its operating assets in an effort to increase long-term shareholder value through the creation of a newly formed, publicly traded, real estate trust. TheStreet Ratings team rates PINNACLE ENTERTAINMENT INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: We rate PINNACLE ENTERTAINMENT INC (PNK) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The companys strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Highlights from the analysis by TheStreet Ratings Team goes as follows: You can view the full analysis from the report here: PNK Ratings Report PNK data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Click to view a price quote on PNK. Click to research the Leisure industry. ift.tt/1gB4pon
Posted on: Thu, 06 Nov 2014 16:40:00 +0000
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