Earnings Alerts

Entain (ENT) Earnings: FY Adjusted EBITDA Anticipated at High End of GBP1.04B to GBP1.09B Range

By October 17, 2024 No Comments
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  • Entain forecasts its full-year adjusted EBITDA to be at the high end of £1.04 billion to £1.09 billion.
  • Total Group Net Gaming Revenue for the third quarter, including a 50% share of BetMGM, increased by 8% overall.
  • The growth rate for Group Net Gaming Revenue is 10% when measured in constant currency and 7% on a proforma basis.
  • Entain now expects mid single-digit growth in Online revenue in constant currency, a revision from its previous expectation of low single-digit growth.
  • The Group’s EBITDA is anticipated to reach the higher end of their guidance range of £1,040 million to £1,090 million.
  • Market sentiment towards Entain is largely positive, with 14 buy ratings, 8 hold ratings, and no sell ratings.

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Entain on Smartkarma

Analyst coverage of Entain on Smartkarma showcases insights from Value Investors Club. In the report titled “Entain Plc (ENT LN) – Wednesday, May 22, 2024,” the analyst provides a bullish perspective on Entain, highlighting its position as a prominent UK-based online and retail betting and gaming company. The report discusses Entain’s formation in 2018 through the merger of GVC and Ladbrokes Coral, its substantial sports wagers worth GBP 18B in 2023, and its 50% ownership of BetMGM, active in 29 markets in North America. Despite its strong market presence, Entain’s shares have experienced a decline, leading to considerations of it being a potential value trap. This analytical content, sourced from publicly available information, aims to provide general insights for investors. The report was originally published 3 months ago by Value Investors Club.


A look at Entain Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth2
Resilience2
Momentum5
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Entain plc, a prominent sports betting and gambling company, is positioned for a positive long-term outlook based on the Smartkarma Smart Scores. With solid performance in Momentum, reflecting its ability to maintain and build on its current trend, Entain is showing strength in its market positioning and operational efficiency. Additionally, the company’s respectable scores in Value and Dividend indicate a balanced approach to delivering returns to its shareholders while maintaining a reasonable valuation.

Although Entain shows slightly lower scores in Growth and Resilience, suggesting areas for potential improvement in future strategies and risk management, the overall outlook remains optimistic due to the company’s strong performance in key areas. As a leading player in the online and retail gambling sector with well-known brands like Bwin, Coral, and Ladbrokes, Entain’s global presence positions it well for continued growth and success in the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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